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Slim Chickens - Single Tenant Investment | Fort Worth TX | 1.5% Annual Rental Increases

$3,283,475

5528 North Tarrant Parkway, Fort Worth, TX 76244

Active
Last Updated: 01/22/2021

7.25

Cap Rate

238,052

NOI

Details:
Cap Rate:    7.25%
NOI:    $238,052
Building Size:    2,992 sqft
Lot Area:    1 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2015
Tenancy:    Single
Year Last Renovated:    2015
Gross Leaseable Area:    2,992
Lease Expire Year:    2035
Highlights:
  • 1.50% Annual Rental Increases
  • 1 Acre Parcel Situated on Signalized Hard Corner
  • 15.1% Projected Population Growth through 2022
  • 6.6 Million SF of Retail within 3-Miles of Site
  • 34,222 Vehicles Per Day on N Tarrant Pkwy
  • 1.1% Single-Tenant Retail Vacancy within 1-Mile of Site
  • 97,547 Daytime Population within 3-Miles
Description:

The offering consists of a freestanding retail building on a long-term lease to a Slim Chickens franchisee. The property is located in a superior trade area that is a major east-west transportation corridor with over 34,000 vehicles per day passing in front of the site, and is in close proximity to Denton Highway, which has over 37,000 vehicles per day on average. The trade area is experiencing incredible growth, including huge gains in population and several notable new developments over the past several years including a new Walmart, Kroger, McDonald’s, Natural Grocers, and The Sovereign – a 322 unit multifamily development directly across the street.

Map:
Documents:
Title
SlimChickens_5528_N_Tarrant_Pkwy_FtWorth_NFK_LD.pdf
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