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Fort Worth, TX - Salad & Go

4601 Diaz Ave | Fort Worth, TX 76107

$2,455,000

Price

5.5%

Cap Rate

$135,000

NOI

699

± SF Offering GLA

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, newly-constructed, drive-thru equipped Salad and Go investment property located in Fort Worth, Texas. The tenant, And Go Concepts, LLC, will execute a brand new 20-year corporate lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, increasing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Gilbert, Arizona, Salad and Go is a highly popular and growing concept currently operating nearly 50 locations in Arizona and Texas, and is expanding across the United States. Additionally, this location is a top 3 performing site for the brand in the Texas market and within 3% of the best performing location (Contact Broker for Details).

Location

The subject property is strategically located along Hulen Street, a major commuter thoroughfare averaging 41,200 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 30 (122,000 VPD), a major retail and commuter highway serving the greater Fort Worth/Dallas region. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. In addition, the asset is ideally situated across from Arlington Heights High School (1,919 students) and is located near Texas Christian University (10,489 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 288,397 residents and 214,388 employees. Residents within 3 miles of the subject property boast an affluent average household income of $105,916.

Documents & Links

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Offering Memorandum

Contact

Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215