6645 Westworth Blvd
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6645 Westworth Blvd
2,685 SF Retail Building Westworth Village, TX 76114 £2,524,287 (£940.14/SF) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute net lease – zero landlord responsibilities
- Daytime population of 223,861 within a 5-mile radius of the Property
- Projected household incomes within a 5-mile radius to exceed $111,000 by 2028
- Sole Dairy Queen location in the City of Westworth Village
- 15-year sale leaseback
- Strong tenant – DQ is a nationally recognized company and operates 7,500+ stores worldwide
EXECUTIVE SUMMARY
Dairy Queen (The “Property”) is a 2,685 square foot free standing restaurant located on Westworth Blvd in Westworth Village, TX. The Property has a prime location in a dense residential and retail area that offers easy access to Westworth Blvd and I-30 and is positioned caddy corner to a Walmart and Sam’s Club anchored power center. The term of the Property’s lease will begin at the close of escrow and continue for 15 years with 3 additional 5-year renewal options with 2% annual bumps in rent. The Property offers a rare opportunity for a long-term, stabilized cash flow from a nationally recognized company.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,685 SF
Building Class
B
Year Built
2019
Price
£2,524,287
Price Per SF
£940.14
Net Initial Yield
5.50%
NOI
£138,836
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.19 AC
Zoning
F1 Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42430494 | Improvements Assessment | £226,373 |
| Land Assessment | £699,199 | Total Assessment | £925,572 |
PROPERTY TAXES
Parcel Number
42430494
Land Assessment
£699,199
Improvements Assessment
£226,373
Total Assessment
£925,572
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6645 Westworth Blvd
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