5300 Golden Triangle Blvd

3,345 SF 4-Star Retail Building Fort Worth, TX 76244 $4,387,000 ($1,312/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Long-Term Absolute NNN Lease to Growing Fast-Casual Concept with 16 Years Remaining
  • Highly Functional Build-to-Suit Construction with a Drive-Thru Component
  • Average Household Income of $147,983 within 3 Miles of Site
  • Annual 1.5% Rental Escalations with Corporate Guaranty
  • Outparcel to High-Performing Walmart Supercenter
  • Adjacent to Keller Sports Park - $30M Youth Sports Complex

EXECUTIVE SUMMARY

The subject property is prominently located with excellent access and visibility along Golden Triangle Blvd (18,000 AADT) outparcel to a high-performing Walmart Supercenter, which draws approximately 2.6 million visitors per year according to Placer.ai data. The site benefits from robust demographics with a population of 240,801 within a 5 mile radius. Average household income within 3 miles of the site is $147,983.
The site benefits from a prominent retail location in close proximity to major retail tenants and shopping centers. Nearby retail centers include Alliance Town Center, anchored by Total Wine (522,800 annual visitors and #3 location in Texas per Placer.ai), Kroger (1.5 million annual visitors, top 25% location nationwide), H-E-B (736,000 annual visitors), Belk, and JCPenney and Presidio Town Crossing, anchored by Target (2 million annual visitors, top 20% location nationwide), WinCo Foods (1.4 million annual visitors), and Costco (2.5 million annual visitors). Other major retail tenants in the surrounding area include Sam’s Club (2 million annual visitors), CVS (345,100 annual visitors, top 25% location nationwide), ALDI (277,800 annual visitors), Walgreens (303,800 annual visitors), and more.
In addition, the property is located adjacent to Keller Sports Park, which recently underwent $30 million in renovations to transform the park into the preeminent youth sports complex in the Dallas-Fort Worth metropolitan area, featuring 7 lighted baseball fields, 2 lighted football/4 t-ball fields, 4 lighted fastpitch softball fields, 5 regulation soccer fields, 2 youth soccer fields, 5 concession buildings, a multi-use equestrian arena, indoor soccer complex, and 2 sand volleyball courts.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,345 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$4,387,000
Price Per SF
$1,312
Cap Rate
6%
NOI
$263,218
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.98 AC
Zoning
C1
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)

AMENITIES

  • Courtyard
  • Restaurant
  • Drive Thru

NEARBY MAJOR RETAILERS

ALDI
Woodforest Bank
Dutch Bros
CrossFit
Waffle House
LA Fitness
Starbucks
Prosperity Bank
Mexican Inn Cafe
9Round

PROPERTY TAXES

  • Listing ID: 32137612

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 5300 Golden Triangle Blvd, Fort Worth, TX 76244