RaceTrac Convenience Store | 3100 Golden Triangle Blvd
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RaceTrac Convenience Store 3100 Golden Triangle Blvd
6,000 SF Retail Building Fort Worth, TX 76177 $5,884,210 ($981/SF) 4.75% Cap Rate
Investment Highlights
- CORPORATE RACETRAC CONVENIENCE STORE
- SCHEDULED RENT INCREASES
- ABSOLUTE NET LEASE
- TAX FREE STATE
Executive Summary
The subject property is a single tenant RaceTrac Convenience Store located in Fort Worth, Texas. The Property consists of a freestanding ± 6,000 sf retail building plus 18 fueling positions under canopy, on ± 2.32 acres of land at 3100 Golden Triangle Blvd. in north Ft. Worth. RaceTrac is a Georgia based operator of 660 convenience stores with sales reported to be approaching $10 billion. RaceTrac is conveniently located at the SE quadrant of Interstate 35W and Golden Triangle Blvd. adjacent to Texas Health Harris Methodist Hospital Campus and LifeTime Fitness. Nearby traffic generators include Primrose School, Cook Children’s Urgent Care, QuikTrip, Brakes Plus, Burger King, Starbucks, Whataburger, Caliber Collision, Enterprise Car rental, All Storage, AutoNation Chrysler Dodge Jeep & Moritz Kia auto dealerships. RaceTrac is within AllianceTexas, a 27,000 acre, master planned development led by Hillwood (Ross Perot) now home to 560 companies and over 63,000 jobs, located in north Fort Worth. Alliance is one of the nation’s most successful public-private partnerships offering a variety of commercial real estate including industrial, office, retail, residential and recreational opportunities. The AllianceTexas development has generated approximately $100 billion in economic impact for the North Texas region. New residential and commercial development continues north to Ft Worth Alliance Airport. Fort Worth is the thirteenth largest U.S. city with almost one million residents. This RaceTrac offers an investor management free, reliable cash flow backed by an industry leader.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2016
Price
$5,884,210
Price Per SF
$981
Cap Rate
4.75%
NOI
$279,510
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.50 AC
Zoning
D1
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
178 FT on Golden Triangle Blvd
Amenities
- Freeway Visibility
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 05303923 | Improvements Assessment | $0 |
Land Assessment | $600,000 | Total Assessment | $600,000 |
PROPERTY TAXES
Parcel Number
05303923
Land Assessment
$600,000
Improvements Assessment
$0
Total Assessment
$600,000
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RaceTrac Convenience Store | 3100 Golden Triangle Blvd
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