Boot Barn 2405 N Main St 4,620 SF Retail Building Fort Worth, TX 76164 $3,106,523 CAD ($672.41 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10 Year Lease | Options To Extend | Scheduled Rental Increases
- Fort Worth Stockyards Station | Dense Retail Corridor
- Rare Dallas-Fort Worth Retail Opportunity | Stockyards Tourism | High Barriers To Entry
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Boot Barn investment property located in Fort Worth, Texas. The tenant, Boot Barn, Inc recently signed a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,620 SF
Year Built/Renovated
1916/1980
Price
$3,106,523 CAD
Price Per SF
$672.41 CAD
Cap Rate
6.50%
NOI
$201,917 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
Mixed Use
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41679407 | Improvements Assessment | $1,616,825 CAD |
| Land Assessment | $505,537 CAD | Total Assessment | $2,122,362 CAD |
