Address: 4725 Golden Triangle Boulevard, Fort Worth, Texas, United States 76244
Cap Rate: 5.25%
Lease Type: Triple Net (NNN)
Annual Rent: $140,000
Net Operating Income: $140,000
Year Built: 2020
Rentable Sq/Ft: 2,399 SF
Rent Sq/Ft: $58.36
Price Sq/Ft: $1112
Lot Size: 0.86
The subject investment property is situated along Golden Triangle Boulevard which experiences average daily traffic counts of approximately 11,000 vehicles. Intersecting Golden Triangle Boulevard are both North Beach Street and Alta Vista Road which bring an additional 11,000 and 5,000 vehicles through the immediate area daily. This Wendy’s benefits from exceptional demographics in the surrounding area. There are over 105,000 individuals residing within a three-mile radius of the property and more than 227,000 individuals within a five-mile radius, with the population projected to grow substantially in the next five years. Additionally, the subject property benefits from its location in an affluent neighborhood where average household income exceeds $120,000 in a one-mile radius.
This property is located just off a signalized corner and is strategically located in a dense residential and retail corridor near major national and local tenants which include: Walmart, Sam’s Club, Walgreen, Dollar Tree, Sonic, 7-Eleven, Burger King, Whataburger, and many others. This property also benefits from being within close proximity to five schools; Keller High School, Timber Creek High School, Caprock Elementary School, Timberview Middle School, and Timberview Middle School, which have a combined enrollment of over 9,000 students. Additionally, this Wendy’s benefits from its proximity to Texas Health Harris Methodist Hospital Alliance, a 101-bed acute care hospital and emergency center serving the North Fort Worth, Haslet, Justin, and Roanoke areas.
Fort Worth is the fifth-largest city in the U.S. state of Texas, and the thirteenth-largest city in the United States. It is the county seat of Tarrant County, and also the second-largest city in the Dallas-Forth Worth- Arlington Metropolitan area, which is the fourth-most populous metropolitan area in the U.S. Due to its proximity to Dallas, Forth Worth has seen a large boost in the late 20th century of major companies headquartering in the city. Some of these companies include American Airlines, Pier 1 Imports, Cash America International, and Bell Textron. Several major companies with significant presence in the area include Bank of America, Wells Fargo, Lockheed Martin, GE Transportation, and Dallas-based telecommunications company AT&T. Forth Worth is not only an economic hub in the metro area, it is also an educational hub serviced by the Fort Worth Independent School District. At over 86,000 students enrolled, it is the fifth largest school district in Texas. Fort Worth is also home to the farming and ranching industry in Texas, having been the main thoroughfare for millions of cattle traveling to market along the Chisholm Trail prior to the Civil War.
BROKER OF RECORD: Tim Speck Lic.# 9002994