421 Alta Mere Dr - Bank FOR SALE


Fort Worth, TX 76114- West Fort Worth
$3,110,000 USD
650-279-5790
421 Alta Mere Dr, Fort Worth, TX for Sale
$3,110,000 USD
Bank - FOR SALE
1/4
null | 6.25% Cap Rate

421 Alta Mere Dr
Fort Worth, TX 76114
West Fort Worth


HIGHLIGHTS

  • Pride of Ownership Property
  • 10% fixed rent increases every 5 years
  • Outparcel to Petco, Party City and Half Price Books anchored center
  • Strong bank branch deposits of $120 million

OVERVIEW

Great opportunity to purchase a Chase Bank located as a pad site within Westover Village Shopping Center in Fort Worth, Texas. Directly across the street is a Walmart, Sam's Club and Lowe's Home Improvement store that helps generate a lot of car traffic to this area. Chase Bank has occupied this site since 2009, with approximately 4.5 years remaining on the corporate ground lease with 10% fixed rent increases every 5 years. Tenant recently remodeled their bank branch lobby and has 4-five year options remaining. Reported bank branch deposits of $120 million.

FOR SALE DETAILS

PRICE

$3,110,000 USD

PRICE/SF

$688 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,308 SF

ZONING

-

APN/PARCEL ID

41451848

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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