900 E Harwood Rd - Freestanding FOR SALE


Euless, TX 76039- Hurst/Euless/Bedford
$6,887,000 USD
415-604-4288
900 E Harwood Rd, Euless, TX for Sale
$6,887,000 USD
Freestanding - FOR SALE
1/7
null | 5.75% Cap Rate

900 E Harwood Rd
Euless, TX 76039
Hurst/Euless/Bedford


HIGHLIGHTS

  • 15-year net lease to Spec’s Wines, Spirits & Finer Foods, 215+ stores across Texas with approximately $2 billion in annual sales.
  • 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
  • Rare tenant maintain language, whereby Spec’s handles all day-to-day maintenance of the property, including parking lot maintenance and replacement.
  • Spec’s Wines, Spirits & Finer Foods has a stronghold on Texas liquor sales due to “grandfathered in” liquor laws.
  • Spec’s achieved double-digit year-over-year sales increases in 2024 through its online ordering platform and delivery partnerships.
  • High-visibility and easily accessible location at the signalized four-way intersection of East Hardwood Road and Bear Creek Parkway.

OVERVIEW

The property is in a high-visibility, easily accessible location at the signalized four-way intersection of East Hardwood Road and Bear Creek Parkway. It is located directly off of State Route 360 (88,915 AADT) and immediately north of State Route 183 (223,742 AADT), leading to significantly increased commuter traffic. Spec’s achieved double-digit year-over-year sales increases in 2024 through its online ordering platform and delivery partnerships with Uber Eats and Uber Direct, significantly expanding its reach and customer convenience. The five-mile radius serves a populous region of 228,083, with a high average annual household income of $111,707. The site is situated among several high-volume housing developments, neighborhoods, and subdivisions, including Bedford (48,000+ residents) and Colleyville (26,000+ residents). Projected income increases within 1-, 3-, and 5-mile radii over the next five years position this Spec’s Wines, Spirits & Finer Foods in Euless for steady concurrent growth.

FOR SALE DETAILS

PRICE

$6,887,000 USD

PRICE/SF

$568 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spec's Wine, Spirits & Finer Foods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

42559373

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

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