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30930990
30930991

4913 Ohio Garden Rd, River Oaks, TX 76114 For Sale

SB
TX TX722548
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,130,000
130 days on market
Updated 18 days ago

Nish Mediterranean Grill

Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,370
Net Rentable (SqFt) 3,370
Units 1
Cap Rate 8.5%
NOI $96,000
Occupancy 100%
Tenancy Single
Brand/Tenant Nish Mediterranean Grill
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options One, 10-Year
Price per SqFt $335
Broker Co-Op Yes
Year Built 1983
Year Renovated 2021
Acreage 0.780
Investment Type Net Lease
Lease Commencement 01/01/2022
Ground Lease No

Attractive Price-Point | Offered Below Replacement Cost

Marketing description

Offered for sale is the opportunity to acquire an absolute net lease Nish Mediterranean Grill in Fort Worth, TX. The property consists of a 3,370-square-foot, freestanding building that sits on approximately 0.78 acres of land. There are 6.3 years remaining on the lease with a 10% rent increase in 2027 and a 5% annual rent increase at the Option.

Investment highlights

  • Absolute Net Lease | 6.3 Years Remaining | 10 Percent Rent Increase in 2027

  • Near the Signalized Intersection of Ohio Garden Rd & River Oaks Blvd (11,568 VPD)

  • Expansive Consumer Base | 216,000+ Residents & 354,000+ Employees (5-Mile Radius)

  • Attractive Price-Point | Offered Below Replacement Cost

  • Minutes from Naval Air Station Joint Reserve Base Fort Worth (11,000 Personnel) and Lockheed Martin Aeronautics

Listing Contacts

SB
TX TX722548
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Salim Bhaidani
License
TX722548
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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