7345 Cyn Park DrFort Worth, TX 76123

For Sale
$5,642,857

High-yield, 15-year NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 15,000-square-foot school building in Fort Worth, Texas. Located at 7345 Canyon Park Dr, 76123, this property sits on a 1.26-acre lot and boasts a 7.00% cap rate with a strong NOI of $395,000. The property is currently 100% occupied under a 15-year, Double Net (NN) lease with a corporate guarantee, commencing April 1, 2023, and expiring March 30, 2038. The lease includes built-in rental increases of 10% every five years, providing significant long-term growth potential. The minimal landlord responsibilities inherent in the NNN lease structure further enhance the investment's appeal. Built in 2023, this property offers a secure, long-term investment with a total potential lease term of 25 years, thanks to two, five-year options. The asking price is $5,642,857, translating to a price per square foot of $376.19. This is a rare opportunity to acquire a high-quality, income-producing asset with substantial upside potential in a desirable Fort Worth location.

Highlights

  • 15-Year Net-Net (NN) Lease with minimal landlord responsibilities.
  • 10% rental increases every five years.
  • Two, five-year renewal options for a potential 25-year lease term.

Property Details for 7345 Cyn Park Dr

Property type
Other specialty properties, Schools
Square Feet
15,000 SF
Year Built
2023
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.6333663
Longitude
-97.4066666
7345 Cyn Park Dr, Fort Worth, Texas

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7345 Cyn Park Dr
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