Salad and Go | 17yr Corp Abs NNN w/ Incrs 4601 Diaz Ave
699 SF Retail Building Fort Worth, TX 76107 $3,351,207 CAD ($4,794.29 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed 17-Year Absolute Net Lease | Growing & Popular Concept | New Construction | Latest Prototype
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
- Across from Arlington Heights High School | Nearby to Texas Christian University (11,397 students)
- Located Along Hulen Street (41,200 VPD) | Interstate 30 (124,400 VPD) | Drive-Thru Equipped
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped Salad and Go investment property located in Fort Worth, Texas. The tenant, And Go Concepts, LLC, has over 17 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, increasing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Gilbert, Arizona, Salad and Go is a highly popular and growing concept currently operating over 147 locations across several states, with over 68 locations in Texas. Based on the scheduled November 2027 rental increase, the cap rate will increase to 6.21% when priced at $2,348,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
699 SF
Building Class
C
Year Built
2021
Price
$3,351,207 CAD
Price Per SF
$4,794.29 CAD
Cap Rate
5.75%
NOI
$192,680 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.37 AC
Zoning
E - Neighborhood Commercial
Parking
6 Spaces (8.58 Spaces per 1,000 SF Leased)
Frontage
40’ on Diaz Avenue
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Salad and Go regional gourmet salad drive-thru restaurant chain founded with a mission to make drive-thru fast food better and healthier. They are headquartered in Tempe, Arizona. Salad and Go is a privately held company with more than 100 locations operating across four states including Arizona, Texas, Oklahoma and Nevada. The brand features a variety of fresh items such as salads, wraps, soups, breakfast burritos and bowls, cold brew coffee and hand-crafted lemonades.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
