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Restaurant

Popeyes w/ Dr-Thru | Fort Worth | 20 Yr Abs. Net Ground Sale Leaseback | Within Alliance Town Center

2421 Heritage Trace Pkwy, Fort Worth, TX 76177

Listing Price: $3,200,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,391.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.17

Investment Overview

Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into three other counties: Denton, Parker, and Wise. According to the 2019 census estimates, Fort Worth’s population was 909,585. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth-most populous metropolitan area in the United States. Fort Worth has become one of the fastest-growing cities in the United States in recent years, particularly in the 21st century, and has more than doubled its population since 2000. Fort Worth is home to the Van Cliburn International Piano Competition and several world-class museums designed by internationally known contemporary architects. The Kimbell Art Museum, considered to have one of the best art collections in Texas, is housed in what is widely regarded as one of the outstanding architectural achievements of the modern era. The museum was designed by American architect Louis Kahn, with an addition designed by world-renowned Italian architect Renzo Piano opening November 2013. Also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, houses one of the world’s most extensive collections of American art.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Immediate Access to/from I-35W (114k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $115k within a 3-Mile Radius and over 240k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Within Alliance Town Center - A 900 Acre Master Planned Community that offers Office, Retail, Entertainment and 30 Acres of Parks, Trails, and Green Space. (Part of AllianceTexas Master-Planned Development).
  • AllianceTexas Development - A 26,000-Acre Master-Planned, Mixed-Use Community that offers a Variety of Commercial Real Estate Options, including New Industrial, Office and Retail Space.
  • Near Texas Health Harris Methodist Hospital Alliance - A 98-Bed, Full-Service Hospital Offering Acute Care and Wellness Programs to communities in North Fort Worth and surrounding areas.
  • Surrounded by Numerous National Retailers such as a Walmart Supercenter, WinCo Foods, Target, Costco, Kroger Marketplace, Aldi, Dick's Sporting Goods, CVS and many more. Minutes from Fossil Ridge High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Dr-Thru | Fort Worth | 20 Yr Abs. Net Ground Sale Leaseback | Within Alliance Town Center

Listing Price: $3,200,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,391.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.17

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Immediate Access to/from I-35W (114k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $115k within a 3-Mile Radius and over 240k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Within Alliance Town Center - A 900 Acre Master Planned Community that offers Office, Retail, Entertainment and 30 Acres of Parks, Trails, and Green Space. (Part of AllianceTexas Master-Planned Development).
  • AllianceTexas Development - A 26,000-Acre Master-Planned, Mixed-Use Community that offers a Variety of Commercial Real Estate Options, including New Industrial, Office and Retail Space.
  • Near Texas Health Harris Methodist Hospital Alliance - A 98-Bed, Full-Service Hospital Offering Acute Care and Wellness Programs to communities in North Fort Worth and surrounding areas.
  • Surrounded by Numerous National Retailers such as a Walmart Supercenter, WinCo Foods, Target, Costco, Kroger Marketplace, Aldi, Dick's Sporting Goods, CVS and many more. Minutes from Fossil Ridge High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into three other counties: Denton, Parker, and Wise. According to the 2019 census estimates, Fort Worth’s population was 909,585. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth-most populous metropolitan area in the United States. Fort Worth has become one of the fastest-growing cities in the United States in recent years, particularly in the 21st century, and has more than doubled its population since 2000. Fort Worth is home to the Van Cliburn International Piano Competition and several world-class museums designed by internationally known contemporary architects. The Kimbell Art Museum, considered to have one of the best art collections in Texas, is housed in what is widely regarded as one of the outstanding architectural achievements of the modern era. The museum was designed by American architect Louis Kahn, with an addition designed by world-renowned Italian architect Renzo Piano opening November 2013. Also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, houses one of the world’s most extensive collections of American art.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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