4601 Diaz Ave - Freestanding FOR SALE


Fort Worth, TX 76107- Western Hills/Ridglea
$2,348,000 USD
480-221-4221
4601 Diaz Ave, Fort Worth, TX for Sale
$2,348,000 USD
Freestanding - FOR SALE
1/10
null | 5.75% Cap Rate

4601 Diaz Ave
Fort Worth, TX 76107
Western Hills/Ridglea


HIGHLIGHTS

  • Corporate Guaranteed 17-Year Absolute Net Lease | Growing & Popular Concept | New Construction | Latest Prototype
  • Across from Arlington Heights High School | Nearby to Texas Christian University (11,397 students)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Hulen Street (41,200 VPD) | Interstate 30 (124,400 VPD) | Drive-Thru Equipped
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped Salad and Go investment property located in Fort Worth, Texas. The tenant, And Go Concepts, LLC, has over 17 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, increasing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Gilbert, Arizona, Salad and Go is a highly popular and growing concept currently operating over 147 locations across several states, with over 68 locations in Texas. Based on the scheduled November 2027 rental increase, the cap rate will increase to 6.21% when priced at $2,348,000.

FOR SALE DETAILS

PRICE

$2,348,000 USD

PRICE/SF

$3,920 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salad and Go | 17yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

E

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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