Two-Tenant Retail | 10yr Leases | New Constrc | 12613 South Fwy
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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
PROPERTY TAXES
Parcel Number | 42368811 | Improvements Assessment | £0 |
Land Assessment | £13,975 | Total Assessment | £13,975 |
PROPERTY TAXES
Parcel Number
42368811
Land Assessment
£13,975
Improvements Assessment
£0
Total Assessment
£13,975
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Two-Tenant Retail | 10yr Leases | New Constrc | 12613 South Fwy
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