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32002989
32002988

1858 PRECINCT LINE RD, HURST, TX 76054

TT
TX 543816
SHOP Companies Dallas
SHOP Companies Dallas
Listed by SHOP Companies Dallas
$2,725,000
37 days on market
Updated 37 days ago

Mo' Bettahs 2-Tenant

Details
APN 40608077
Property Type Retail
Square Footage 4,140
Net Rentable (SqFt) 4,140
Units 1
Cap Rate 7.81%
NOI $212,796
Occupancy 52.22%
Tenancy Multi
Lease Type NNN
Remaining Term 9
Rent Bumps Yes
Pro-Forma Cap Rate 7.81%
Year Built 2003
Stories 1
Acreage 1.000
Ground Lease No

Mo' Bettahs 2-Tenant Retail | $2,725,000 | Hurst, TX (DFW)

Marketing description

Mo’ Bettahs 2-Tenant Retail is a 4,140 SF retail asset with corporately backed Mo’ Bettahs occupying the existing drive-thru end cap located adjacent to Walmart Supercenter in Hurst, Texas. Situated on +/- 1.00 acres the Property is moments north of the Highway 183 and Precinct Line Road intersection, and just 15 minutes west of DFW International Airport, 15 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas. Mo’ Bettahs 2-Tenant Retail offers significant upside potential in leasing the existing 1,978 SF vacancy to a retail, service or medical user. Submarket leasing has demonstrated rents from $38.00 - $45.00 PSF NNN for similar fundamental small format retail along Precinct Line. The Property benefits from excellent visibility with frontage along Precinct Line Road, an existing drive-thru, masonry construction with engaging architectural elements, multiple ingress/egress points and a two-sided monument sign. Average household income exceeds $117,300, $115,300 and $129,100 in a 1, 3 and 5 mile radii, respectively. Notable national retails in the area include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Lowe’s Khol’s, Aldi, CVS Pharmacy, Office Depot, Starbucks, Chick-fil-A, In-N-Out Burger, AT&T, Chase Bank, Panera Bread, Ace Hardware and Dunkin’ amongst numerous others.

Investment highlights

52.22% Leased 4,140 SF Drive-Thru Retail Asset Adjacent to Walmart Supercenter in Hurst, TX (DFW)

Corporate Mo’ Bettahs In Drive Thru End Cap, 10% Rental Increase in Year 5, Two 5-year Renewal Options 10% Increases

Significant Upside Exists in Leasing 1,978 SF Vacancy; Submarket Leasing has Demonstrated Rents from $38.00 - $45.00 PSF NNN

Situated on +/-1.00 Acre Parcel with Excellent Visibility from Precinct Line Road, a Drive-Thru for Mo’ Bettahs, Masonry Construction with Engaging Architectural Elements, Multiple Ingress/Egress Points & a Two-Sided Monument Sign

Average Household Income Exceeds $117,300, $115,300 & $129,100 in a 1, 3 & 5 Mile Radii, Respectively

Regional Trade Area with Over 2,100,000 SF of Retail GLA and Occupancy Rate in Excess of 93.5% in a 1 Mile Radius (CoStar)

Notable Area Retailers Include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Aldi, CVS Pharmacy, Starbucks, In-N-Out Burger, AT&T, Panera Bread, Chase Bank & Brident Dental Among Others

Listing Contacts

TT
TX 543816
SHOP Companies Dallas
SHOP Companies Dallas
Listed by SHOP Companies Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$212,796.00
$17,733.00/mo

Valuation Metrics

0
DSCR
7.81%
Cap Rate
7.81%
ROI

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