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Northern Tool 9621 South Fwy 25,449 SF Retail Building Fort Worth, TX 76140 $7,159,376 CAD ($281.32 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities
- Great visibility from I-35W | 147,457 VPD
- The tenant agreed to extend the lease for 10 years in 2021, showing their commitment to this location.
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the U.S.
- Located inside of dense retail corridor | 1.0M SF within a 2-mile radius
- Affluent surrounding area | $92,862 average household income within a 1-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Fort Worth, TX. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,449 SF
Building Class
C
Year Built
2006
Price
$7,159,376 CAD
Price Per SF
$281.32 CAD
Cap Rate
7%
NOI
$501,150 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
3.20 AC
Zoning
Commercial
Parking
125 Spaces (4.91 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41215710 | Improvements Assessment | $3,661,854 CAD |
| Land Assessment | $840,263 CAD | Total Assessment | $4,502,116 CAD |
Property Taxes
Parcel Number
41215710
Land Assessment
$840,263 CAD
Improvements Assessment
$3,661,854 CAD
Total Assessment
$4,502,116 CAD
Contacts
-
Ransome Foose -
Carl Brendes -
Al Dickens -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Presented by
Northern Tool | 9621 South Fwy
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