Bank
Capital One (Dark)
5721 N Tarrant Pkwy, Fort Worth, TX 76244
Listing Price: $3,000,000
Investment Overview
Although Capital One is vacating the premise at the end of the lease term, they are still obligated for approximately $1,237,500 in future rent obligations (based on 7 years of rent payments). At the asking price, an investor should be able to lower their basis in the property, recapturing 41 percentage of their initial investment over the remaining lease term.
Capital One (Dark)
Investment Highlights
- Capital One will be Vacating at the End of Their Lease, Allowing an Investor Ample Time to Re-Tenant a "Class A" Property Without Incurring NNN Costs
- H-E-B owns 24.4 Acres Directly Across from the Subject Property
- Large 1.19 Acre Parcel Located in a Growing Retail Corridor
- Ground Lease with Approximately 7.3 Years Remaining
- Excellent Visibility and Access Near the Intersection of North Tarrant Parkway and Denton Highway (62,993 VPD)
- 111% Population Growth Since 2000 and 9.4% Projected Growth in the Next Five Years (Five-Mile Radius)
- 314,642 Residents and an Average Household Income of $122,901 (Five-Mile Radius)
Exclusively Listed By
Financing By
Listing Price: $3,000,000
Investment Highlights
- Capital One will be Vacating at the End of Their Lease, Allowing an Investor Ample Time to Re-Tenant a "Class A" Property Without Incurring NNN Costs
- H-E-B owns 24.4 Acres Directly Across from the Subject Property
- Large 1.19 Acre Parcel Located in a Growing Retail Corridor
- Ground Lease with Approximately 7.3 Years Remaining
- Excellent Visibility and Access Near the Intersection of North Tarrant Parkway and Denton Highway (62,993 VPD)
- 111% Population Growth Since 2000 and 9.4% Projected Growth in the Next Five Years (Five-Mile Radius)
- 314,642 Residents and an Average Household Income of $122,901 (Five-Mile Radius)
Investment Overview
Although Capital One is vacating the premise at the end of the lease term, they are still obligated for approximately $1,237,500 in future rent obligations (based on 7 years of rent payments). At the asking price, an investor should be able to lower their basis in the property, recapturing 41 percentage of their initial investment over the remaining lease term.
Exclusively Listed By
Financing By
