David Draper - Commercial Real Estate Showcase

David Draper Property Listings
Site Property Company, LLC
2405 Forest Park Blvd
Fort Worth, TX 76110-1765

3451 Decatur Avenue - Dollar General

Fort Worth, TX 76106-4538 - North Fort Worth Ret Submarket

(3.9 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2012
Building Size:9,310 SF Land Area:.73 AC (31,764 SF)
For Sale Price:$1,540,000 Price/SF:$165.41
Cap Rate:5.75 %
Parking:35 Surface spaces are available; Ratio of 3.75/1,000 SF

Sale Notes:
Free-standing Dollar General. Site built in 2012. Beginning August 1, 2016, five years will remain on this ten year lease with 2-five year options to renew. The construction is concrete block with a solid membrane roof. The building was sprayed with foam insulation during construction to make it more energy efficient.

As of August 1, 2016, the annual base rent will be $93,500. The Landlord is responsible for paying the insurance and landscaping which cost a total of about $5,000 per year.
The property is located in the Diamond Hill neighborhood on the near Northside of Fort Worth. The neighborhood cover 4 square miles and has a population of 17,482. The median household income is $31,995. The property is close to I-35W.

Site Property Company, LLC
David Draper
(817) 307-1504

Stablemade Retail Group
Amber Calhoun
(817) 420-9450

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