3809 E Belknap St - Freestanding FOR SALE


Fort Worth, TX 76111
$4,172,981 USD
510-388-4438
3809 E Belknap St, Fort Worth, TX for Sale
$4,172,981 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

3809 E Belknap St
Fort Worth, TX 76111


HIGHLIGHTS

  • New 15 Year Absolute NNN Lease with Rental Increases Every 5 Years
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • S&P Rated BBB Investment Grade Credit
  • Income Tax Free State
  • Hard Corner Location with Exposure to 31,000+ VPD

OVERVIEW

The subject property is a 13,823 square foot building, leased to Walgreens (WBA) on an absolute NNN lease. The tenant has a newly extended 15 year lease term starting June 2023. The lease comes with twelve, 5 year option periods with 5% increases every 5 years. The site benefits from traffic counts in excess of 31,000 vpd on a hard corner with excellent ingress and egress points. The asset is located on a major commercial thoroughfare with neighboring tenants that include Domino's Pizza, Sammies Bar-B-Q, El Rancho Supermercado and a Walmart Shadowed Supercenter down the road

FOR SALE DETAILS

PRICE

$4,172,981 USD

PRICE/SF

$302 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens New 15 Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,255 SF

ZONING

R, Fort Worth

APN/PARCEL ID

07038437

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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