2405 Main StFort Worth, TX 76164

For Sale
$2,426,000

Boot Barn: Prime Location, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 4,620 square foot retail storefront in Fort Worth, Texas. Currently 100% occupied by Boot Barn under a new 10-year Net Lease (NN) commencing October 1, 2024, and expiring September 30, 2034, with three 5-year renewal options. The lease includes 2% annual rent increases, ensuring consistent NOI growth and inflation protection. The property boasts a strong 6.00% cap rate and a current NOI of $145,530. Located at a signalized intersection on North Main Street, a major retail thoroughfare, this property benefits from high visibility and exceptional access. The site is strategically positioned near the Fort Worth Stockyards, a major tourist attraction undergoing a significant redevelopment, and is surrounded by a dense retail corridor with numerous national tenants, including a Walmart Supercenter, Target-anchored Montgomery Plaza, and Fort Worth Stockyards Station. The property's 0.2-acre lot is zoned for mixed use. Built in 1916 and renovated in 1980, this single-story building offers a compelling investment opportunity in a high-growth area with a strong demographic profile. The 5-mile trade area boasts a population exceeding 224,800, an average household income of $94,671, and over 203,000 employees. Limited landlord responsibilities make this an ideal low-management investment. The property's APN is 12600-20-1R2. Asking price is $2,426,000.

Highlights

  • 10-Year NNN Lease with Extension Options and Scheduled Rent Increases.
  • Fee Simple Ownership with NNN Lease Structure and Minimal Landlord Responsibilities.
  • Prime Location in Fort Worth Stockyards Station's Dense Retail Corridor.
  • Strong Demographics within a 5-Mile Radius.
  • Exceptional Dallas-Fort Worth Retail Investment Opportunity in the Stockyards, featuring High Barriers to Entry and Strong Tourism.
  • High-Visibility Corner Lot with Excellent Access at a Signalized Intersection.

Property Details for 2405 Main St

Property type
Other retail properties, Individual retail properties
Square Feet
4,620 SF
Year Built/Renovated
1916/1980
Buildings
1
Stories
1
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7883698
Longitude
-97.3495252
2405 Main St, Fort Worth, Texas

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2405 Main St
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