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CosMc's 7304 Denton Hwy

3,782 SF Retail Building Watauga, TX 76148 $2,541,000 ($672/SF) 5% Cap Rate

Retail Space Texas Watauga 7304 Denton Hwy, Watauga, TX 76148

Investment Highlights

  • 11-Year Corporate Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years, Plus (5), 5-Year Options to Renew
  • Oversized Parcel of 1.23 Acres Located on Denton Highway- Denton Highway Sees Over 45,000+ VPD as it Connects Fort Worth to Denton.
  • New McDonalds Concept that has the McDonald’s Corporate Guarantee. This is the 3rd CosMc’s Location Open in the Country and 2nd in DFW.
  • Rare 10% Rent Increase in 2025. This Would Make the Cap Rate 4.40% After the First Year of Ownership.
  • High Growth and Affluent Area – Over 311,000 Residents and an Average HH Income Over $137,000 within a 5 mile Radius.
  • Watauga | Inner Suburb of Fort Worth, TX | Population: 23,050+

Executive Summary

11-Year Corporate Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years, Plus (5), 5-Year Options to Renew

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,782 SF
Building Class
C
Year Built
2024
Price
$2,541,000
Price Per SF
$672
Cap Rate
5%
NOI
$127,058
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.23 AC

Amenities

  • Restaurant
  • Drive Thru
  • Air Conditioning

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 06083803
  • 42011718
 Improvements Assessment $823,718
Land Assessment $3,044,430 Total Assessment $3,868,148

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06083803
  • 42011718
Land Assessment
$3,044,430
Improvements Assessment
$823,718
Total Assessment
$3,868,148
(469) 694-4189

  • Listing ID: 31791307

  • Date on Market: 5/14/2024

  • Last Updated:

  • Address: 7304 Denton Hwy, Watauga, TX 76148

More public record information on 7304 Denton Hwy, Watauga, TX 76148

The Retail Property at 7304 Denton Hwy, Watauga, TX 76148 is currently available For Sale. Contact Secure Net Lease for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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CosMc's | 7304 Denton Hwy
(469) 694-4189 x

CosMc's | 7304 Denton Hwy

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Kyle Varni

(469) 694-4189

(469) 694-4189

Bob Moorhead

(214) 915-8890

(214) 915-8890

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