5328 Sycamore School Rd
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5328 Sycamore School Rd
871 SF 4-Star Retail Building Fort Worth, TX 76123 $2,298,000 ($2,638/SF) 5.20% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- 22 Car Drive-Thru Queue!
- Strong Demographics - $102K+ Avg HH Income
- High Traffic Location and Growth Market
- Adjacent to New Single Family Resi & Apartments
- Surrounded by Leading Retailers
Executive Summary
REvolve Growth Partners has been exclusively retained to offer for sale a Corporate Dutch Bros in Fort Worth, TX. Located on a busy arterial road, adjacent to the highway, and in one of the top growth markets in the US, this store is surrounded by newer multi-family and the affluent residents of nearby master planned communities. Average HH income is $102k+ within 1 mile of the subject property. Leading retailers, including Wal-Mart, 7-Eleven, McDonald’s and Taco Bell, are also nearby.
Dutch Bros executed a 15 year corporate lease, guaranteed by Boersma Bros, LLC. The Absolute NNN, build-to-suit, lease structure offers the investor limited landlord responsibility, but also the ability to acquire both land and building with this purchase. There are approximately 12.5 years remaining on the initial lease term, and tenant has 3.- 5 year options to extend the lease. The rent increases 10% every 5 years (next increase is 1/1/27), including the same 10% increases during option periods.
With it’s 22 car queue, generous parcel size, and prominent location on Sycamore School Rd, the property is well positioned to accommodate Dutch Bros continued growth in the Fort Worth market.
Dutch Bros executed a 15 year corporate lease, guaranteed by Boersma Bros, LLC. The Absolute NNN, build-to-suit, lease structure offers the investor limited landlord responsibility, but also the ability to acquire both land and building with this purchase. There are approximately 12.5 years remaining on the initial lease term, and tenant has 3.- 5 year options to extend the lease. The rent increases 10% every 5 years (next increase is 1/1/27), including the same 10% increases during option periods.
With it’s 22 car queue, generous parcel size, and prominent location on Sycamore School Rd, the property is well positioned to accommodate Dutch Bros continued growth in the Fort Worth market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
871 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$2,298,000
Price Per SF
$2,638
Cap Rate
5.20%
NOI
$119,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.63 AC
Zoning
BC - F1 Commercial
Parking
20 Spaces (22.96 Spaces per 1,000 SF Leased)
Frontage
250 FT on Sycamore School Road
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 42789000 | Improvements Assessment | $252,128 |
| Land Assessment | $447,872 | Total Assessment | $700,000 |
PROPERTY TAXES
Parcel Number
42789000
Land Assessment
$447,872
Improvements Assessment
$252,128
Total Assessment
$700,000
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Ryan Litrich -
REvolve Growth Partners
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5328 Sycamore School Rd
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