5516 Denton HwyHaltom City, TX 76148

For Sale
$2,861,000

Texas QSR, 6% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership of a 2,995 square foot Chicken Express restaurant in Haltom City, Texas. Built in 2020, this property boasts a 100% occupancy rate with a 15-year sale-leaseback agreement featuring three 5-year renewal options. The absolute NNN lease ensures zero landlord responsibilities, providing a passive income stream with scheduled 10% rent increases every five years, effectively hedging against inflation. The property sits on a 1.34-acre lot with 40 parking spaces and benefits from a prime location on Denton Highway (41,500 VPD) with convenient access to Interstate 820 (168,700 VPD). This high-traffic area is further enhanced by its proximity to major retail centers like Value Center (618,000 SF) and The Shoppes at Crown Point (178,000 SF), anchored by national retailers. The strong demographics of the 5-mile trade area, with a population exceeding 289,100 and an average household income of $108,081, contribute to the property's exceptional investment potential. The property's NOI is $171,633, resulting in a 6.00% cap rate, and is zoned C-2 Commercial. This is a turnkey investment with significant upside potential. The asking price is $2,861,000, offering a compelling price per square foot of $955.26. The property's APN is 4100-1-B1R1.

Highlights

  • $2,861,000 asking price for a 2,995 SF retail property in Haltom City, TX.
  • Absolute NNN lease with a franchisee tenant, offering zero landlord responsibilities.
  • 6.00% cap rate with a $171,633 NOI, 100% occupancy, and a $955.26 price per square foot.
  • 15-year sale-leaseback with three 5-year renewal options and 10% rent increases every 5 years.
  • Located on Denton Hwy (41,500 VPD) with access to I-820 (168,700 VPD), near major retailers like Walmart and Home Depot.

Property Details for 5516 Denton Hwy

Property type
Other retail properties, Restaurants
Square Feet
2,995 SF
Year Built
2020
Lot Size (sq. ft)
58,370 SF

Location Insight

City
Haltom City
County
Tarrant
State
Texas
Latitude
32.8462888
Longitude
-97.2633261
5516 Denton Hwy, Haltom City, Texas

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5516 Denton Hwy
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