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6700 NW Loop 820
Fort Worth, TX 76135
Cheddar's | Fort Worth TX | Long Term NNN · Retail Property For Sale
Investment Highlights
- 11 Years Remaining | Strong Investment Grade Corporate Guaranty Annual Rental Increases | Corporate Guranty
- Dense Retail Corridor | Near Target Anchored Center | Highly Trafficked Area | Fronting Interstate 820 (111,700 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute triple-net leased Cheddar’s Scratch Kitchen with a Darden Restaurants (BBB S&P) guaranty located in Fort Worth, Texas. The tenant, Cheddar’s Scratch Kitchen, operates under an investment-grade corporate guaranty with a triple -net lease and 11 years remaining on its initial term, plus four (5-year) options to extend. The lease features annual 1.50% rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is an absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,379 SF
Building Class
B
Year Built
2016
Price
$9,221,783 CAD
Price Per SF
$1,100.58 CAD
Cap Rate
5.25%
NOI
$484,154 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.42 AC
Zoning
G - Intensive Commercial
Parking
177 Spaces (21.12 Spaces per 1,000 SF Leased)
Frontage
423’ on Jim Wright Freeway
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
Property Taxes
| Parcel Number | 42230631 | Improvements Assessment | $3,637,047 CAD |
| Land Assessment | $1,445,717 CAD | Total Assessment | $5,082,764 CAD |
Property Taxes
Parcel Number
42230631
Land Assessment
$1,445,717 CAD
Improvements Assessment
$3,637,047 CAD
Total Assessment
$5,082,764 CAD
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