Listed by Summit Real Estate
$3,015,000
Fred's Texas Cafe
Details
Property Type Retail
Sub Type Restaurant
Square Footage 6,425
Cap Rate 8.00%
NOI $241,000
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 01/31/2036
Remaining Term 9.6
Rent Bumps Yes
Lease Options 3 x 5
Year Built 2026
Acreage 0.280
Investment Type Net Lease
Lease Commencement 03/03/2026
Ground Lease No
Brand New 2026 Construction | 10-Year NN Lease | Fort Worth Institution Since 1978
Marketing description
- Brand New 2026 Construction/Renovation - 10-Year NN Lease Through January 2036 With 2.5% Annual Rent Bumps and Three 5-Year Renewal Options
- Fred’s Texas Cafe, a Fort Worth Institution Since 1978, With This Crowley Location Marking Its First Expansion Outside the City
- Operates Out of a Century-Old Downtown Landmark with a New 3,000 SF Addition, Vaulted Exposed Ceilings, 220-Seat Capacity, and Covered Outdoor Patio
- Positioned on the Main Street Corridor of Downtown Crowley Following a Recent $5.6M Streetscape Enhancement Project
- Average Household Income Exceeds $108,000 in a 3 Mile Radius – Well Above National Average
- 1-Mile Population Projected to Grow 5.19% Annually Through 2029; Proximity to Karis (2,000+ Lots Under Construction) and Chisholm Summit’s $1.15B Master-Planned Development
- #5 in DFW for New Home Occupancies Among All School Districts and First on the Southern Side of the Metroplex, with a Record 2,075 Homes Delivered Inside Crowley ISD Boundaries (Read More HERE)
- Surrounding National Retailers Include Walmart Supercenter, Kroger Marketplace, Planet Fitness, McDonald’s, CVS, Walgreens, Chase, AutoZone & Many More
Listing Contacts
Listed by Summit Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,000.00
$20,083.33/mo
Valuation Metrics
0
DSCR
7.99%
Cap Rate
7.99%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
