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314 S MAIN ST Fort Worth TX 76104-1225

[Locked] • APN 00687367

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 9,050
Lot SqFt 12,225
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code NS-T5
Year Built 1970
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Marketing Description

314 South Main is a 9,007-square-foot, multi-tenant retail center located in Fort Worth, Texas. 314 South Main is currently 100 percent occupied, and all leases are triple-net. The center is a complementary mix of restaurant and bar establishments, consisting of Atlas Bar, Chill Coffee & Wine Bar, and Buena Vida Taqueria. All leases include annual rent escalations and renewal options after the initial term. The original building, constructed in 1970, has been completely renovated including all new storefronts, a dumpster enclosure, a grease trap, new patio, exterior painting, new canopies, and a painted mural. The building is situated on 0.28 acres with newly updated landscaping and city-owned street parking.

The subject property is located a half mile southwest of the intersection of Interstate 30 and Interstate 35 West on South Main Street. Traffic counts on Interstate 30 are approximately 123,246 vehicles per day and 171,365 vehicles per day on Interstate 35 West. 314 South Main is located within the Near Southside District, just south of downtown Fort Worth. Near Southside is known for its proximity to Fort Worth's world class Medical District, home to Tarrant County's major hospitals and dozens of independent medical clinics, which provide tremendous economic impact to the city and accounts for 39,000 jobs.

Investment Highlights
  • 9,007-Square-Foot, Three-Tenant Retail Center Well Positioned in the Popular Near Southside District

  • 100% Occupied | All Leases are Triple-Net

  • Tenants are a Mix of Unique Local Restaurants and Bars

  • All Leases Include Annual Rent Escalations, Providing Year-Over-Year Income Growth

  • Landlord Reports Extensive Renovations Including All New Storefronts, Dumpster Enclosure, Grease Trap, New Patio, Painted Exterior, New Canopies, a Painted Mural, and Updated Landscaping

  • Near Southside District is an Urban Redevelopment District in the Southwest Quadrant of Interstate 30 and Interstate 35 | Known as a Casual, Creative and Close-Knit Community Hub for Great Restaurants, Live Music Venues, Breweries, Bars, Galleries and Plenty of Artistic Endeavors, All Within Walking Distance

  • Close Proximity to the Fort Worth Medical District, Home to Tarrant County's Major Hospitals and Dozens of Independent Medical Clinics | Accounts for Nearly 39,000 Jobs and $5.5 Billion in Economic Impact on the County

  • Near Downtown Fort Worth, Cultural District, West 7th, Texas Christian University, and Other Top Destinations in the City

  • Extremely Dense Surrounding Population Exceeding 308,494 Residents Within a Five-Mile Radius

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
PL
Philip Levy PRO
•••.•••.5225
••••••.levy@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
CG
Chris Gainey
•••.•••.6122
•••••.••iney@•••••••••••••••.com
Brokerage logo

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