3925 BOOTH CALLOWAY ROAD (RICHLAND HILLS, TX)

MULTI TENANT

3925 BOOTH CALLOWAY ROAD, RICHLAND HILLS, TX 76118
Price :
$ 2,750,000
Cap Rate :
8.14%
NOI :
$ 223,776
Lot Size :
2.79 acres
Year Built :
1986/Renovated 2019
Property Area :
25,344 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Great Central Location and Close Proximity to All Major Highways in Fort Worth
• Minutes from Fort Worth Meacham International Airport and DFW International Airport
• Fully NNN-Leased Offering
• Strong Tenant – Steve’s Certified Auto Repair Has Been in Business Over 28 Years
• Approximately 2 Acres of Fenced and Fully Paved Outside Storage
• High-End Office/Waiting Room/Showroom Finish Out
• Occupancy Rate in Submarket is Over 96%

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3925 Booth Calloway Road in Richland Hills, Texas, leased to Steve’s Certified Auto Repair and Pignatelli Collision. The subject property consists of approximately 25,344 square feet of space and is situated on 2.79 acres of land. The subject property is located in a great central location in close proximity to all major highways in Fort Worth, and is minutes from Fort Worth Meacham International Airport and Dallas Fort-Worth International Airport. A number of recent renovations have been completed for the property including high-end finishes to the exterior, offices and lobby/showroom spaces. There is just less than three years remaining on the triple-net leases for both tenants within the property. The occupancy rate in the submarket is over 96 percent.

The highly sought-after Richland Hills area is located in Northeast Tarrant County near the northeast corner of Fort Worth. Since 2013, Richland Hills has increased sales tax 70 percent, doubling the amount of money available for economic development since the last election. Over 32 new businesses have opened in the area and street improvements totaling around $1.2 million per year are scheduled to begin late this year. The area’s tenant base is a mix of manufacturers and local retail/food distributors.

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060253)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Cliff Zimmerman
(972) 755-5217
Lic # TX : 706882

Need Financing?

Learn how we can help you. Get Started

Questions?