1005 Norwood St - Restaurant FOR SALE


Fort Worth, TX 76107
$5,895,384 USD
512-433-6999
1005 Norwood St, Fort Worth, TX for Sale
$5,895,384 USD
Restaurant - FOR SALE
1/10
null | 6.5% Cap Rate

1005 Norwood St
Fort Worth, TX 76107


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 T
  • Population 281,336 in 5-mile radius | Traffic Counts of 21,890+ VPD | Average HH Income $130,200+ in 1-mile radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,895,384 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maya Tequila Ranch | Fort Worth, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

M-U 2 Mixed Use

APN/PARCEL ID

03253511

ASK ABOUT THIS PROPERTY

Parker CarrollTREK Investment GroupMore Info
512-433-6999

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Parker CarrollTREK Investment GroupMore Info
512-433-6999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.