OFFERING SUMMARY
Price: $1,511,400
CAP Rate: 5%
Gross Leasable Area: 1,145 SF
NOI: $75,570
OFFERING HIGHLIGHTS
- Absolute Net Lease with a Corporate Guarantee
- Dedicated Parking Lot Specifically for Snap Kitchen
- Across the Street from Crockett Row Shopping Complex
- Close Proximity to Left Bank Development
- More than Seven Years Remaining on Lease Term
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to offer the exclusive listing for a Snap Kitchen located in the West 7th Entertainment District. This absolute net property has 7+ years remaining on the lease term. Originally constructed in 1960, this 1,145-square foot asset was renovated in 2016 and is situated on 0.14 acres with its own parking lot. West 7th Street begins in downtown Fort Worth and is a main thoroughfare through the West 7th Entertainment District. With more than 1,800 apartment units including the Class A apartment complex, Elan West 7th, the subject property boasts 21,500 vehicles per day and places it at one of the city’s most coveted locations. The Crockett Row Shopping Center directly across the street is made up of a variety of different businesses including LA Fitness, Common Desk, PNC Bank, Spectrum, The Movie Tavern, and multiple dining locations. The West 7th Entertainment District continues to grow and expand, with the lot next to the subject property currently under development to become a multifamily building.
