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Restaurant

On The Border | Corporate Restaurant | Long Term Absolute Net

6250 North Fwy, Fort Worth, TX 76137

Listing Price: $4,750,000

Cap Rate
7.35%
Tenant Name
On The Border
Years Remaining On Lease
11.0
Gross SF
6,857
Guarantor
Corporate Guarantee
Rentable SF
6,857
Price/Gross SF
$692.72
Lease Type
Absolute Net
Rent Per Square Feet
$50.92

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an On The Border in Fort Worth, Texas, currently the 13th largest city in the United States and the fastest-growing city in the country. The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation.

The subject property is a 6,857-square-foot building on approximately 1.68 acres of land. For Interstate 35 northbound travelers the On The Border exit 58 (Western Center Blvd) is the only exit to reach the retail corridor, including Kroger, Albertsons, CVS, Walgreens, Family Dollar, Chase Bank, AT&T, 7-Eleven and 24 Hour Fitness,

The Tenant, On The Border, has approximately 11 years remaining on an absolute-net lease with four five-year renewal options remaining. On The Border Mexican Grill & Cantina "the world's largest Mexican casual dining brand" opened its first location in 1982 in Dallas, Texas, and currently has 150 locations across the country. The parent company of On The Border is Argonne Capital Group which boasts a portfolio that generates over 1.8 billion in annual sales operating, 300 IHOPs, 150 On The Borders, and 120 Applebee's.

Investment Highlights

  • Long Term Absolute Net Lease | Zero Landlord Responsibilities
  • Strong Corporate Guarantee with Over 150 Locations Nationwide
  • Rare Additional Percentage of Sales Rent | 6% of Annual Gross Sales in Excess of $2,100,000
  • Dense Retail Area with a Three-Mile and Five-Mile Population of 103,555 and 318,240, Respectively
  • Excellent Access and Visibility from I-35 with More than 179,000 VPD
  • Fort Worth, Texas, is the Fastest Growing City in the United States and Currently the 13th Largest City
  • 1.5% Annual Base Rent Increases Starting August 2025 | Four Five-Year Renewal Options with Increases
  • In Line with the 16th Most Visited Salt Grass Nationwide and the 10th Most Visited Regal Cinemas in Texas per Placer.ai.

Exclusively Listed By

Financing By

Restaurant

On The Border | Corporate Restaurant | Long Term Absolute Net

Listing Price: $4,750,000

Cap Rate
7.35%
Tenant Name
On The Border
Years Remaining On Lease
11.0
Gross SF
6,857
Guarantor
Corporate Guarantee
Rentable SF
6,857
Price/Gross SF
$692.72
Lease Type
Absolute Net
Rent Per Square Feet
$50.92

Investment Highlights

  • Long Term Absolute Net Lease | Zero Landlord Responsibilities
  • Strong Corporate Guarantee with Over 150 Locations Nationwide
  • Rare Additional Percentage of Sales Rent | 6% of Annual Gross Sales in Excess of $2,100,000
  • Dense Retail Area with a Three-Mile and Five-Mile Population of 103,555 and 318,240, Respectively
  • Excellent Access and Visibility from I-35 with More than 179,000 VPD
  • Fort Worth, Texas, is the Fastest Growing City in the United States and Currently the 13th Largest City
  • 1.5% Annual Base Rent Increases Starting August 2025 | Four Five-Year Renewal Options with Increases
  • In Line with the 16th Most Visited Salt Grass Nationwide and the 10th Most Visited Regal Cinemas in Texas per Placer.ai.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an On The Border in Fort Worth, Texas, currently the 13th largest city in the United States and the fastest-growing city in the country. The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation. The subject property is a 6,857-square-foot building on approximately 1.68 acres of land. For Interstate 35 northbound travelers the On The Border exit 58 (Western Center Blvd) is the only exit to reach the retail corridor, including Kroger, Albertsons, CVS, Walgreens, Family Dollar, Chase Bank, AT&T, 7-Eleven and 24 Hour Fitness, The Tenant, On The Border, has approximately 11 years remaining on an absolute-net lease with four five-year renewal options remaining. On The Border Mexican Grill & Cantina "the world's largest Mexican casual dining brand" opened its first location in 1982 in Dallas, Texas, and currently has 150 locations across the country. The parent company of On The Border is Argonne Capital Group which boasts a portfolio that generates over 1.8 billion in annual sales operating, 300 IHOPs, 150 On The Borders, and 120 Applebee's.

Exclusively Listed By

Financing By

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