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Two-Tenant Retail | 10yr Leases | New Constrc 12613 South Fwy

7,032 SF 72% Leased Retail Building Burleson, TX 76028 £3,736,704 (£531/SF) 6.25% Net Initial Yield

Investment Highlights

  • New 10 Year Leases | Brand New Construction | Scheduled Rental Increases and Options
  • Southgate Marketplace | Gateway Station (368,000 SF) |McAlister Square (193,000 SF) | Primary Retail Corridor
  • Located Along E. Rendon Crowley Road | Ample Parking |Direct Access to I-35W (133,000 VPD)

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in a NNN leased, newly constructed, two-tenant retail building investment property located in Fort Worth, Texas. The tenants, Black Bear Diner and Club Pilates, recently signed brand new 10-year leases with additional options to extend, demonstrating their commitment to the site. All leases feature a 10% rental increase in Year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The leases are NNN with limited landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,032 SF
Building Class
B
Year Built
2021
Price
£3,736,704
Price Per SF
£531
Net Initial Yield
6.25%
NOI
£233,544
Percent Leased
72%
Tenancy
Multiple
Number of Floors
1
Land Acres
53.93 AC
Parking
47 Spaces (6.68 Spaces per 1,000 SF Leased)
Frontage
146 ft on South Freeway

Amenities

  • Freeway Visibility
  • Restaurant
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,994 SF
  • Retail
  • Outparcel
  • 30 Days
Space Size Space Use Position Available
1st Floor 1,994 SF Retail Outparcel 30 Days

1st Floor

Size
1,994 SF
Space Use
Retail
Position
Outparcel
Available
30 Days

Nearby Major Retailers

Five Guys
Jason's Deli
Starbucks
Black Bear Diner
LongHorn Steakhouse
MOOYAH Burgers, Fries & Shakes
McAlister's Deli
Twin Peaks
Cotton Patch Café
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
42368811
Land Assessment
£13,975
Improvements Assessment
£0
Total Assessment
£13,975
  • Listing ID: 33250675

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 12613 South Fwy, Burleson, TX 76028

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