Fort Worth, TX - Salad & Go

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped Salad and Go investment property located in Fort Worth, Texas. The tenant, And Go Concepts, LLC, has over 17 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, increasing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Gilbert, Arizona, Salad and Go is a highly popular and growing concept currently operating over 147 locations across several states, with over 68 locations in Texas. Additionally, this location is a top 3 performing site for the brand in the Texas market (Contact Broker for Details). Based on the scheduled November 2027 rental increase, the cap rate will increase to 6.21% when priced at $2,348,000.

The subject property is strategically located along Hulen Street, a major commuter thoroughfare averaging 41,200 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 30 (124,400 VPD), a major retail and commuter highway serving the greater Fort Worth/Dallas region. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. In addition, the asset is ideally situated across from Arlington Heights High School (1,934 students) and is located near Texas Christian University (11,397 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 285,270 residents and 230,100 employees. Residents within 3 miles of the subject property boast an affluent average household income of $127,110.