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Nish Mediterranean Grill 4913 Ohio Garden Rd 3,370 SF Retail Building River Oaks, TX 76114 $1,573,028 CAD ($466.77 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Absolute Net Lease | 6.3 Years Remaining | 10 Percent Rent Increase in 2027
- Expansive Consumer Base | 216,000+ Residents & 354,000+ Employees (5-Mile Radius)
- Minutes from Naval Air Station Joint Reserve Base Fort Worth (11,000 Personnel) and Lockheed Martin Aeronautics
- Near the Signalized Intersection of Ohio Garden Rd & River Oaks Blvd (11,568 VPD)
- Attractive Price-Point | Offered Below Replacement Cost
Executive Summary
Offered for sale is the opportunity to acquire an absolute net lease Nish Mediterranean Grill in Fort Worth, TX. The property consists of a 3,370-square-foot, freestanding building that sits on approximately 0.78 acres of land. There are 6.3 years remaining on the lease with a 10% rent increase in 2027 and a 5% annual rent increase at the Option.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,370 SF
Building Class
C
Year Built/Renovated
1983/2021
Price
$1,573,028 CAD
Price Per SF
$466.77 CAD
Cap Rate
8.50%
NOI
$133,638 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.78 AC
Zoning
C2 - Commercial
Frontage
50’ on River Oaks Blvd
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42452846 | Improvements Assessment | $412,398 CAD |
| Land Assessment | $236,302 CAD | Total Assessment | $648,700 CAD |
Property Taxes
Parcel Number
42452846
Land Assessment
$236,302 CAD
Improvements Assessment
$412,398 CAD
Total Assessment
$648,700 CAD
Contacts
-
Vincent Knipp -
Salim Bhaidani -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Nish Mediterranean Grill | 4913 Ohio Garden Rd
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