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Two-Tenant Retail | New Construction 12613 South Fwy 7,140 SF 100% Leased Retail Building Burleson, TX 76028 $6,353,741 CAD ($889.88 CAD/SF) 6.50% Cap Rate



INVESTMENT HIGHLIGHTS
- New 10 Year Leases | Brand New Construction | Scheduled Rental Increases and Options
- Southgate Marketplace | Gateway Station (368,000 SF) |McAlister Square (193,000 SF) | Primary Retail Corridor
- Located Along E. Rendon Crowley Road | Ample Parking |Direct Access to I-35W (133,000 VPD)
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in a NNN leased, newly constructed, two-tenant retail building investment property located in Fort Worth, Texas. The tenants, Black Bear Diner and Club Pilates, recently signed brand new 10-year leases with additional options to extend, demonstrating their commitment to the site. All leases feature a 10% rental increase in Year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The leases are NNN with limited landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,140 SF
Building Class
B
Year Built
2023
Price
$6,353,741 CAD
Price Per SF
$889.88 CAD
Cap Rate
6.50%
NOI
$412,979 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.18 AC
Zoning
Commercial - Part of AO (Airfield) Overlay District
Parking
47 Spaces (6.58 Spaces per 1,000 SF Leased)
Frontage
146’ on South Freeway
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42690470 | Improvements Assessment | $1,891,001 CAD |
| Land Assessment | $899,399 CAD | Total Assessment | $2,790,400 CAD |
PROPERTY TAXES
Parcel Number
42690470
Land Assessment
$899,399 CAD
Improvements Assessment
$1,891,001 CAD
Total Assessment
$2,790,400 CAD
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Two-Tenant Retail | New Construction | 12613 South Fwy
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