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Maya Tequila Ranch

$5,895,384

1005 Norwood Street, Fort Worth, TX 76107

Active
Last Updated: 03/28/2025

6.5

Cap Rate

383,199.96

NOI

Details:
Cap Rate:    6.5%
NOI:    $383,199.96
Building Size:    14,550 sqft
Lot Area:    0.27 acres
Occupancy:    100%
Units:    1
Year Built:    1978
Highlights:
  • Brand New Absolute Net 12-Year Lease with rent increases | 2, (5) year Option Periods with rent increases | Experienced Operator
  • Located in the heart of Fort Worth's Booming West 7th Cultural District | Multiple Mixed-Use Developments underway within 3 blocks or less from Maya Tequila Ranch
  • Population 281,336 in 5-mile radius | Traffic Counts of 21,890+ VPD | Average HH Income $130,200+ in 1-mile radius
Description:

TREK Investment Group is pleased to offer for sale Maya Tequila Ranch in Fort Worth, Texas. Situated on the hard corner of Norwood and Morton Streets and one block from University Blvd seeing traffic counts in excess of 21,890 VPD, Maya Tequila Ranch is a growing regional bar in the highly desirable Cultural District of Forth Worth. This exceptional investment property offers an investor a brand new Absolute Net 12-Year lease with scheduled rent increases in the primary, as well as each of the two, 5-year options periods. Maya Tequila Ranch is situated amongst numerous nightlife and entertainment destinations, national retailers, as well as a highly concentration of notable museums, stadiums, and large tourist attractions drawing more than 10.8 Million visitors and a $3+ Billion economic impact annually.

Fort Worth is the 5th-largest city in the state of Texas, and 16th-largest city in the United States. The city is the 2nd-largest in the Dallas-Fort Worth-Arlington metropolitan area (the "DFW Metroplex"). DFW is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth largest in the United States, and the tenth largest in the Americas. It also has the fourth largest gross metropolitan product (GMP) in the United States.

Fort Worth is home to many multinational corporations, including Bell Helicopter, Lockheed Martin, American Airlines, BNSF Railway, Pier 1 Imports, and D.R. Horton. It is also stimulated by several University communities: Texas Christian, Texas Wesleyan, University of North Texas Health Science Center, Texas A&M University School of Law, Southwestern Baptist Theological Seminary, and Tarrant County College.

Fort Worth-Arlington is home to an abundance of cultural, recreational, and sporting venues such as the internationally re-known Kimball Art Museum, Fort Worth Zoo ranked #1 in Texas and #5 in the US, Fort Worth Stockyards and home of the world's only year-round rodeo, Six Flags over Texas/Hurricane Harbor, the Texas Rangers' Globe Life Ballpark, and the Dallas Cowboys' AT&T Football Stadium!

DALLAS-FORT WORTH-ARLINGTON MSA
4th Most Populous Metropolitan Area in the United States
4th Largest GMP (Gross Metropolitan Product) in United States
An Economic Powerhouse generating over $600 Billion in GDP in 2020
Headquarters for High-Profile Companies such as Exxon Mobil, McKesson, AT&T, American Airlines Group, DR Horton, 7-Eleven, Kimberly-Clark, Texas Instruments, Southwest Airlines and many more
Strong Manufacturing Base with General Motors Arlington Factory turning 1,200 vehicles per day, and Lockheed Martin in Fort Worth employing 13,500+ working on Hi-tech Aviation programs including the US Air Force F-35 Lightning II, fifth generation Stealth Fighter

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