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Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Richland Oaks Sub
MLS Listing ID 20100763
Sold Date 10/31/22
Total Fin. Sqft 4960
Year Built 1976
Annual Tax Amount $6,234
Lot Size 0.720 Acres
Acres 0.72
Property Description
Triple Net Lease (NNN Lease) in place. Tenant has recently completed an extensive interior renovation and executed a five-year primary lease with one (5) five-year option to extend. Tenant has responsibility for any and all repairs associated with property and is responsible for property taxes.
Lease in place is $4,200 a month + Property Taxes.
NOI is: $4,200 a month or $50,400 annually.
Sales Price reflects an 8.01% CAP Rate.
Seller is a licensed agent under TREC - License number is 537383.
Location
State TX
County Tarrant
Zoning Commercial
Direction Property is located on a Hard Corner of Blvd. 26 with high traffic counts. (35k VPD)
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Heat Source Central
Exterior
Utilities Available All Weather Road
Roof Type Flat
Parking Type Asphalt
Garage No
Building
Foundation Slab
Structure Type Brick
Others
Ownership DFW Land Holdings, LLC
Financing Cash
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Bought with Kathy Fuller • Fathom Realty LLC
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