6645 Westworth Blvd
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6645 Westworth Blvd
2,685 SF Retail Building Westworth Village, TX 76114 $3,272,727 ($1,219/SF) 5.50% Cap Rate
Investment Highlights
- Absolute net lease – zero landlord responsibilities
- Daytime population of 223,861 within a 5-mile radius of the Property
- Projected household incomes within a 5-mile radius to exceed $111,000 by 2028
- Sole Dairy Queen location in the City of Westworth Village
- 15-year sale leaseback
- Strong tenant – DQ is a nationally recognized company and operates 7,500+ stores worldwide
Executive Summary
Dairy Queen (The “Property”) is a 2,685 square foot free standing restaurant located on Westworth Blvd in Westworth Village, TX. The Property has a prime location in a dense residential and retail area that offers easy access to Westworth Blvd and I-30 and is positioned caddy corner to a Walmart and Sam’s Club anchored power center. The term of the Property’s lease will begin at the close of escrow and continue for 15 years with 3 additional 5-year renewal options with 2% annual bumps in rent. The Property offers a rare opportunity for a long-term, stabilized cash flow from a nationally recognized company.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,685 SF
Building Class
B
Year Built
2019
Price
$3,272,727
Price Per SF
$1,219
Cap Rate
5.50%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.19 AC
Zoning
F1 Commercial
PROPERTY TAXES
| Parcel Number | 42430494 | Improvements Assessment | $293,491 |
| Land Assessment | $906,509 | Total Assessment | $1,200,000 |
PROPERTY TAXES
Parcel Number
42430494
Land Assessment
$906,509
Improvements Assessment
$293,491
Total Assessment
$1,200,000
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Greg Phelps -
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EDGE Realty Capital Markets
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6645 Westworth Blvd
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