315 York AveWeatherford, TX 76086

For Sale
$1,385,000

High-yield NNN retail property, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 11,760 square foot, two-unit mixed-use building located at 315-319 York Ave in historic downtown Weatherford, Texas. The property, built in 1948 and extensively renovated in 2022, sits on a 20,009 square foot lot and boasts a flexible permitted zoning, suitable for office, retail, restaurant, or entertainment uses. Currently, the property is 100% occupied by Casa Decor, a thriving regional furniture retailer, under a triple-net (NNN) lease with 6.8 years remaining and two 5-year renewal options. The lease commenced January 1, 2023, with a current annual net operating income (NOI) of $110,680 and a 2% annual rent increase. The asking price is $1,385,000, representing a compelling $117 per square foot and an 8% capitalization rate. This single-tenant property offers a secure and stable investment with significant upside potential in a rapidly growing market just west of Fort Worth, benefiting from high visibility and proximity to major transportation routes. The property's strong tenant, Casa Decor, operates a successful brick-and-mortar store and online business, ensuring consistent cash flow. This is a rare opportunity to acquire a well-positioned, high-performing asset in a desirable location. The property's Class B designation reflects its recent renovation and excellent condition. The APN is R000030432.

Highlights

  • Exceptional 8% cap rate, priced at $1,385,000.
  • High-visibility location in historic downtown Weatherford, TX.
  • Strong, multi-location tenant, Casa Decor, currently occupies the space.
  • Versatile zoning allows for office, retail, restaurant, or entertainment uses, with expansion potential.
  • Prime NNN single-tenant retail investment.
  • Convenient proximity to Fort Worth Central and T&P Stations.

Property Details for 315 York Ave

Property type
Other retail properties, Individual retail properties
Square Feet
11,760 SF
Class
B
Year Built/Renovated
1948/2022
Buildings
1
Stories
2
Units
2

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.7621036
Longitude
-97.7984058
315 York Ave, Weatherford, Texas
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315 York Ave
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