9238 Benbrook Blvd - Retail FOR SALE


Benbrook, TX 76126
$1,669,000 USD
9238 Benbrook Blvd, Benbrook, TX for Sale
$1,669,000 USD
Retail - FOR SALE
1/4
null | 5.5% Cap Rate

9238 Benbrook Blvd
Benbrook, TX 76126


HIGHLIGHTS

  • New 20-Year Lease with 2% Annual Rent Escalations Situated on +/- 0.25 Acres
  • Adjacent to Highly Anticipated Restaurant Development Concept Which is Anticipated to Include Several New Dining Options
  • Subsidiary of Driven Brands, Inc.; Operates over 5,200 Units Across 13 Countries and Reported System-Wide Sales of $6.5 Billion
  • Exceptional Positioning Along Highway 377, Primary Retail Corridor with Traffic Counts Exceeding 40,000 VPD
  • Total Household Income 1-, 3- and 5-Mile Radius Exceeds $116,000, $145,600 & $113,300, Respectively
  • Notable National Retailers in the Immediate Area Include Walmart Supercenter, Chick- Fil-A, Sherwin Williams, QuikTrip, Cracker Barrel, Braum’s

OVERVIEW

Take 5 Oil Change recently signed a 20-year corporate lease in the affluent, high growth city of Benbrook, Texas. The Property is situated on +/- 0.25 acres with exceptional positioning on Highway 377, with close proximity to Interstate 20, which sees an excess of 158,000 vehicles per day. Take 5 Oil Change is located just 15 minutes from Downtown Fort Worth, and 40 minutes from Dallas Fort Worth International Airport. The Property consists of a newly renovated 1,476 SF building with direct frontage to Highway 377, which sees an excess of 40,000 vehicles per day. The Property features 2% rental escalations every year with three 5-year renewal options with 3% increases every year during the renewal period. Take 5 is a subsidiary of Driven Brands, Inc., which operates over 5,200 units across 13 countries and reported system-wide sales of $6.5 billion. Since Driven Brands, Inc. has acquired Take 5 Oil Change in 2016, the brand has grown from around 50 locations to over 1,000. Notable national retailers in the immediate area include Walmart Supercenter, Chick-Fil-A, Sherwin Williams, QuikTrip, Cracker Barrel, Braum’s, Starbucks, Whataburger and Smoothie King amongst others.

FOR SALE DETAILS

PRICE

$1,669,000 USD

PRICE/SF

$1,131 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,595 SF

ZONING

-

APN/PARCEL ID

06417337

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