6700 NW Loop 820 - Restaurant FOR SALE


Fort Worth, TX 76135- Downtown Lake Worth
$6,713,000 USD
415-602-6339
6700 NW Loop 820, Fort Worth, TX for Sale
$6,713,000 USD
Restaurant - FOR SALE
1/9
null | 5.25% Cap Rate

6700 NW Loop 820
Fort Worth, TX 76135
Downtown Lake Worth


HIGHLIGHTS

  • 11 Years Remaining | Strong Investment Grade Corporate Guaranty Annual Rental Increases | Corporate Guranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Near Target Anchored Center | Highly Trafficked Area | Fronting Interstate 820 (111,700 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute triple-net leased Cheddar’s Scratch Kitchen with a Darden Restaurants (BBB S&P) guaranty located in Fort Worth, Texas. The tenant, Cheddar’s Scratch Kitchen, operates under an investment-grade corporate guaranty with a triple -net lease and 11 years remaining on its initial term, plus four (5-year) options to extend. The lease features annual 1.50% rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is an absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

FOR SALE DETAILS

PRICE

$6,713,000 USD

PRICE/SF

$801 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cheddar's | Fort Worth TX | Long Term NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

177

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

G

APN/PARCEL ID

42230631

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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