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Wells Fargo (Recent Lease Renewal) 8600 N Beach St 3,966 SF Retail Building Fort Worth, TX 76244 $3,641,128 CAD ($918.09 CAD/SF) 6% Cap Rate
Investment Highlights
- Recent Lease Renewal – Ground Lease With 5.3 Years Remaining
- Brick Construction With Drive-Thru Banking | 1.21-Acre Outparcel to Walmart Supercenter
- Long-Term Tenant Commitment | 20+ Years on Site
- High-Visibility N Beach St Location (18,794 VPD) | Near N Tarrant Pkwy (28,155 VPD)
- Positive Deposit Growth Over the Trailing 3-Years
- Growing and Affluent Area | 309K+ Population | $122K+ Avg HH Income (5-Mile Radius)
Executive Summary
Offered for sale is a corporate-guaranteed Wells Fargo ground lease in Fort Worth, Texas. The bank has operated at this location for over 20 years and recently extended its absolute NNN lease through May 2031, featuring 10% rent escalations every five years and zero landlord responsibilities. The property includes a 3,966-SF freestanding building with a full-service drive-thru, situated on a 1.21-acre outparcel to a Walmart Supercenter at a high-traffic intersection, surrounded by a strong mix of national retailers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,966 SF
Building Class
B
Year Built
2006
Price
$3,641,128 CAD
Price Per SF
$918.09 CAD
Cap Rate
6%
NOI
$218,401 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.21 AC
Zoning
Commercial
Frontage
109’ on North Beach Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 41668731 | Improvements Assessment | $989,111 CAD |
| Land Assessment | $1,431,121 CAD | Total Assessment | $2,420,232 CAD |
Property Taxes
Parcel Number
41668731
Land Assessment
$1,431,121 CAD
Improvements Assessment
$989,111 CAD
Total Assessment
$2,420,232 CAD
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Wells Fargo (Recent Lease Renewal) | 8600 N Beach St
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