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103 Conveyor Dr 5,829 SF 100% Leased Retail Building Joshua, TX 76058 $1,058,858 CAD ($181.65 CAD/SF) 7.25% Cap Rate
Investment Highlights
- 100% Leased
- NNN leases with landlord responsible for the roof and structure
- Four (4) diversified tenants
- High-growth area: 400+ planned and active SF lots in Joshua and Burleson subdivisions.
Executive Summary
Fully leased, four-tenant neighborhood retail center located in one of Johnson County's fastest-growing corridors. The property features NNN leases (landlord responsible only for roof and structure), staggered lease expirations through 2030, and a diversified mix of neighborhood-serving tenants including a donut shop, nail salon, photography studio, and furniture retailer. One tenant is currently below market rent, providing future rental upside. The property benefits from strong traffic counts, growing residential development with 400+ planned and active single-family lots nearby, and convenient access to Burleson, Fort Worth, and Chisholm Trail Parkway. An attractive opportunity for private investors and 1031 exchange buyers seeking stable in-place income with long-term appreciation potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,829 SF
Year Built
1985
Price
$1,058,858 CAD
Price Per SF
$181.65 CAD
Cap Rate
7.25%
NOI
$76,767 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.22 AC
Zoning
C-1 - Allows retail and services that meet the daily needs of nearby residential neighborhoods; shopping centers, convenience stores, etc.
Parking
28 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
150’ on Conveyor St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $385,209 CAD | |
| Land Assessment | $150,488 CAD | Total Assessment | $535,697 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$150,488 CAD
Improvements Assessment
$385,209 CAD
Total Assessment
$535,697 CAD
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103 Conveyor Dr
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