1858 Precinct Line Rd - Restaurant FOR SALE


Hurst, TX 76054
$2,725,000 USD
972-685-1421
1858 Precinct Line Rd, Hurst, TX for Sale
$2,725,000 USD
Restaurant - FOR SALE
1/4
null | 7.81% Cap Rate

1858 Precinct Line Rd
Hurst, TX 76054


HIGHLIGHTS

  • 52.22% Leased 4,140 SF Drive-Thru Retail Asset Adjacent to Walmart Supercenter in Hurst, TX (DFW)
  • Corporate Mo’ Bettahs In Drive Thru End Cap, 10% Rental Increase in Year 5, Two 5-year Renewal Options 10% Increases
  • Significant Upside Exists in Leasing 1,978 SF Vacancy; Submarket Leasing has Demonstrated Rents from $38.00 - $45.00 PSF NNN
  • Situated on +/-1.00 Acre Parcel with Excellent Visibility from Precinct Line Road, a Drive-Thru for Mo’ Bettahs
  • Average Household Income Exceeds $117,300, $115,300 & $129,100 in a 1, 3 & 5 Mile Radii, Respectively
  • Regional Trade Area with Over 2,100,000 SF of Retail GLA and Occupancy Rate in Excess of 93.5% in a 1 Mile Radius (CoStar)

OVERVIEW

Mo’ Bettahs 2-Tenant Retail is a 4,140 SF retail asset with corporately backed Mo’ Bettahs occupying the existing drive-thru end cap located adjacent to Walmart Supercenter in Hurst, Texas. Situated on +/- 1.00 acres the Property is moments north of the Highway 183 and Precinct Line Road intersection, and just 15 minutes west of DFW International Airport, 15 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas. Mo’ Bettahs 2-Tenant Retail offers significant upside potential in leasing the existing 1,978 SF vacancy to a retail, service or medical user. Submarket leasing has demonstrated rents from $38.00 - $45.00 PSF NNN for similar fundamental small format retail along Precinct Line. The Property benefits from excellent visibility with frontage along Precinct Line Road, an existing drive-thru, masonry construction with engaging architectural elements, multiple ingress/egress points and a two-sided monument sign. Average household income exceeds $117,300, $115,300 and $129,100 in a 1, 3 and 5 mile radii, respectively. Notable national retails in the area include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Lowe’s Khol’s, Aldi, CVS Pharmacy, Office Depot, Starbucks, Chick-fil-A, In-N-Out Burger, AT&T, Chase Bank, Panera Bread, Ace Hardware and Dunkin’ amongst numerous others.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mo' Bettahs 2-Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Retail

APN/PARCEL ID

40608077

ASK ABOUT THIS PROPERTY

Harry HardinSHOP CompaniesMore Info
972-685-1421

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Harry HardinSHOP CompaniesMore Info
972-685-1421

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