3407 Sycamore School Rd - Retail FOR SALE


Fort Worth, TX 76123- Wedgwood
$2,047,496 USD
847-562-9280
3407 Sycamore School Rd, Fort Worth, TX for Sale
$2,047,496 USD
Retail - FOR SALE
1/6
null | 6.75% Cap Rate

3407 Sycamore School Rd
Fort Worth, TX 76123
Wedgwood


HIGHLIGHTS

  • Over 28 years remain on the primary lease term
  • Positioned within the Dallas-Fort Worth MSA – Ranked #4 in the United States for population size
  • Absolute NNN – No landlord responsibilities
  • Situated along Sycamore School Road (32,600 VPD) and just off McCart Avenue (29,400 VPD)
  • Over 249,000 people live within a five-mile radius
  • Walmart Supercenter shadow anchor

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Laundromax property positioned within the Dallas MSA in Fort Worth, Texas. Laundromax operates at this location under a long-term lease that extends through December 2053. The lease is triple net presenting no landlord responsibilities. Additionally, there are 2% annual rental escalations throughout the primary term and two 5-year renewal options. The 3,780-square-foot building benefits from a shadow anchor position across from the area’s primary retailer, Walmart Supercenter. The property is situated along Sycamore School Road, which sees over 32,600 vehicles per day, and is near McCart Avenue, with an additional 29,400 vehicles per day. Downtown Fort Worth is less than a 15-minute drive from the site. Nearby national and regional retailers include Albertsons, Chase Bank, Walgreens, O’Reilly Auto Parts, Starbucks, Dollar Tree, and CareNow Urgent Care, among others. The property is supported by strong demographics, with over 249,000 residents within a five-mile radius and an average household income of $102,782. Laundromax and its sister brand, Clean Rite Center, are collectively the largest retail laundromat operator in the United States, with 87 locations in 10 states. Each location features over 100 high-capacity, energy-efficient washers and dryers, ample parking, and numerous amenities in a well-lit, clean and safe environment. Stores are large, open spaces which are equipped with ample laundry carts and folding tables, laundry detergent, supplies and soda and snacks for purchase, and friendly laundry attendants available to assist. In addition to self-service, all stores offer drop-off wash/dry/fold service, with many stores offering pick-up and delivery service as well.

FOR SALE DETAILS

PRICE

$2,047,496 USD

PRICE/SF

$555 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laundromax

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

07060076

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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