Maya Tequila Ranch | Fort Worth, TX | 1005 Norwood St
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Maya Tequila Ranch | Fort Worth, TX 1005 Norwood St
14,550 SF Retail Building Fort Worth, TX 76107 £4,657,412 (£320/SF) 6.50% Net Initial Yield
Investment Highlights
- Brand New Absolute Net 12-Year Lease with rent increases | 2, (5) year Option Periods with rent increases | Experienced Operator
- Population 281,336 in 5-mile radius | Traffic Counts of 21,890+ VPD | Average HH Income $130,200+ in 1-mile radius
- Located in the heart of Fort Worth's Booming West 7th Cultural District | Multiple Mixed-Use Developments underway within 3 blocks or less from Maya T
Executive Summary
TREK Investment Group is pleased to offer for sale Maya Tequila Ranch in Fort Worth, Texas. Situated on the hard corner of Norwood and Morton Streets and one block from University Blvd seeing traffic counts in excess of 21,890 VPD, Maya Tequila Ranch is a growing regional bar in the highly desirable Cultural District of Forth Worth. This exceptional investment property offers an investor a brand new Absolute Net 12-Year lease with scheduled rent increases in the primary, as well as each of the two, 5-year options periods. Maya Tequila Ranch is situated amongst numerous nightlife and entertainment destinations, national retailers, as well as a highly concentration of notable museums, stadiums, and large tourist attractions drawing more than 10.8 Million visitors and a $3+ Billion economic impact annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
1978
Price
£4,657,412
Price Per SF
£320
Net Initial Yield
6.50%
NOI
£302,732
Tenancy
Single
Number of Floors
2
Building FAR
1.24
Land Acres
0.27 AC
Zoning
M-U 2 Mixed Use
Parking
6 Spaces (0.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03253511 | Improvements Assessment | £2,771,362 |
| Land Assessment | £463,537 | Total Assessment | £3,234,900 |
PROPERTY TAXES
Parcel Number
03253511
Land Assessment
£463,537
Improvements Assessment
£2,771,362
Total Assessment
£3,234,900
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Parker Carroll -
Chris Matlock -
TREK Investment Group
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Maya Tequila Ranch | Fort Worth, TX | 1005 Norwood St
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