6645 Westworth Blvd 2,685 SF Retail Building Westworth Village, TX 76114 $4,567,418 CAD ($1,701.09 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute net lease – zero landlord responsibilities
- Daytime population of 223,861 within a 5-mile radius of the Property
- Projected household incomes within a 5-mile radius to exceed $111,000 by 2028
- Sole Dairy Queen location in the City of Westworth Village
- 15-year sale leaseback
- Strong tenant – DQ is a nationally recognized company and operates 7,500+ stores worldwide
EXECUTIVE SUMMARY
Dairy Queen (The “Property”) is a 2,685 square foot free standing restaurant located on Westworth Blvd in Westworth Village, TX. The Property has a prime location in a dense residential and retail area that offers easy access to Westworth Blvd and I-30 and is positioned caddy corner to a Walmart and Sam’s Club anchored power center. The term of the Property’s lease will begin at the close of escrow and continue for 15 years with 3 additional 5-year renewal options with 2% annual bumps in rent. The Property offers a rare opportunity for a long-term, stabilized cash flow from a nationally recognized company.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,685 SF
Building Class
B
Year Built
2019
Price
$4,567,418 CAD
Price Per SF
$1,701.09 CAD
Cap Rate
5.50%
NOI
$251,208 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.19 AC
Zoning
F1 Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42430494 | Improvements Assessment | $407,013 CAD |
| Land Assessment | $1,257,147 CAD | Total Assessment | $1,664,160 CAD |
