DYNAMIC AUTO COLLISION REPAIR (FORT WORTH, TX)

MULTI TENANT

3908 BROADWAY AVENUE, FORT WORTH, TX 76117
Price :
$ 1,150,000
Cap Rate :
7.83%
NOI :
$ 90,000
Lot Size :
2.11 acres
Year Built :
1970
Property Area :
12,633 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 International Airport and DFW International Airport
• Absolute Net Lease Offering
• Strong Tenant – Over 20 Years at This Location
• Below-Market Rent: $9.54 per Foot | Market Rent is $12.35 per Foot (CoStar)
• Occupancy Rate in Submarket is Over 93%

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3908 Broadway Avenue in Haltom City, Texas, leased to Dynamic Auto Collision Repair. The subject property consists of approximately 12,633 square feet of space and is situated on 2.11 acres of land. The subject property is in a great central location and in close proximity to all major highways in Fort Worth. Minutes from Fort Worth Meacham International Airport and DFW International Airport, the subject asset is an absolute net lease offering with a strong tenant who has been at the location for over 20 years. With below-market rent ($9.54 per square foot) and a submarket occupancy rate over 93 percent, the property provides upside through renting two vacant buildings on site.

Haltom City is located in Tarrant County, and is part of the Dallas/Fort Worth region. Haltom City is an inner suburb of Fort Worth, a principal city of the DFW metroplex. The city is six miles from downtown Fort Worth, 30 miles from the American Airlines Center in Dallas, and 20 miles from the Dallas/Fort Worth International Airport in Irving. Haltom City is surrounded almost entirely by Fort Worth, North Richland Hills, Watauga, and Richland Hills. Major employers include Birdville ISD, Hillshire Brands, Medtronic Midas Rex, GST Manufacturing, and more. The city is home to 10 parks, a state-of-the-art public library and recreation center, and the Tarrant County College branch. Haltom City is surrounded by major highways including Highway 26, Highway 377, SH 121, (NE 28th St) SH 183, and Interstate 820.

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: ZAA0060530)

Exclusive Listing

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

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