7073 Boat Club RdFort Worth, TX 76179

For Sale
$2,317,831

High-yield, long-term auto parts investment.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 7,723 square foot O'Reilly Auto Parts store in Fort Worth, Texas. Located at 7073 Boat Club Rd, 76179, this property sits on a 1.1-acre lot and boasts a strong 10.5 years remaining on a 15-year net-net lease, commencing May 4, 2020, and expiring May 3, 2035. The lease includes a 6% rent increase in 2030 and four 5-year lease options. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $136,752, representing a 5.90% cap rate and a price per square foot of $300.12. Built in 2020, this strategically located asset benefits from high visibility and accessibility, with approximately 22,590 vehicles passing daily. The property is situated in a dense retail corridor alongside national tenants such as Sonic, Starbucks, RaceTrac, and Captain Car Wash, within the rapidly growing DFW MSA. O'Reilly Auto Parts, a Fortune 500 company with an investment-grade credit rating of BBB (S&P), operates a recession-resistant business model as an essential retailer, benefiting from the aging vehicle population and increased demand for auto parts. The property's location in Texas offers the added advantage of being in an income tax-free state. This is a compelling investment opportunity offering strong returns and long-term stability.

Highlights

  • Long-term net lease with 6% rent increase in 2030 and approximately 10.5 years remaining.
  • Investment-grade tenant, O'Reilly Auto Parts, with a BBB (S&P) rating.
  • High visibility location with approximately 22,590 vehicles per day on Boat Club Road.
  • Brand new construction in the rapidly growing DFW MSA.
  • Recession-resistant business model; auto parts are essential retail.
  • Located in a dense retail corridor with other national tenants.

Property Details for 7073 Boat Club Rd

Property type
Other retail properties, Individual retail properties
Square Feet
7,723 SF
Year Built
2020
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.8648871
Longitude
-97.4266858
7073 Boat Club Rd, Fort Worth, Texas

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7073 Boat Club Rd
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