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Auto Service - Gas-Conv

SQRL C-Store & Gas | Fort Worth | Long Term Absolute Net | Qualifies for Accelerated Depreciation

3100 Las Vegas Trail, Fort Worth, TX 76116

Listing Price: $5,728,000

Cap Rate
7.65%
Tenant Name
SQRL
Years Remaining On Lease
18.7
Gross SF
21,951
Guarantor
Corporate Guarantee
Rentable SF
21,951
Price/Gross SF
$260.94
Lease Type
Absolute Net
Rent Per Square Feet
$19.96

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

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 2% Annual Rental Increases throughout the Initial Term and Options.
  • 2022 Complete Remodel and Rebrand to a Full SQRL Corporate Location.
  • Strong Tenant Profile - the Lease is Corporately Signed By the Parent Company With 160 Locations Currently and an Robust Acquisition Pipeline of Over 70 Other Locations.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility at a Hard Corner. Minutes from the I-20 Exchange, Which is One of the Largest Highway Systems in the U.S. and near I-820 (74k+ VPD) and I-30 (80k+ VPD).
  • Minutes from Lockheed Martin Aeronautics / United States Air Force Plant 4 - a Government-Owned, Contractor-Operated Aerospace Facility and one of the Largest Employers in the Area with a Staff of approximately 17k People.
  • Surrounded by Numerous Auto Dealerships and Auto Service Centers including Chrysler, Dodge, Jeep, Chevrolet, Toyota, Nissan, Subaru, GMC, Honda, Cadillac, and many more.
  • Densely Populated and Affluent Fort Worth Suburb: Features an Average Household Income of $93k+ and more than 163k 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 & Housing Developments / Under Construction.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. This Opportunity Provides a Best-of-Class Investment Featuring the Benefit to Qualify For Accelerated Depreciation in an Income Tax Free State.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

SQRL C-Store & Gas | Fort Worth | Long Term Absolute Net | Qualifies for Accelerated Depreciation

Listing Price: $5,728,000

Cap Rate
7.65%
Tenant Name
SQRL
Years Remaining On Lease
18.7
Gross SF
21,951
Guarantor
Corporate Guarantee
Rentable SF
21,951
Price/Gross SF
$260.94
Lease Type
Absolute Net
Rent Per Square Feet
$19.96

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 2% Annual Rental Increases throughout the Initial Term and Options.
  • 2022 Complete Remodel and Rebrand to a Full SQRL Corporate Location.
  • Strong Tenant Profile - the Lease is Corporately Signed By the Parent Company With 160 Locations Currently and an Robust Acquisition Pipeline of Over 70 Other Locations.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility at a Hard Corner. Minutes from the I-20 Exchange, Which is One of the Largest Highway Systems in the U.S. and near I-820 (74k+ VPD) and I-30 (80k+ VPD).
  • Minutes from Lockheed Martin Aeronautics / United States Air Force Plant 4 - a Government-Owned, Contractor-Operated Aerospace Facility and one of the Largest Employers in the Area with a Staff of approximately 17k People.
  • Surrounded by Numerous Auto Dealerships and Auto Service Centers including Chrysler, Dodge, Jeep, Chevrolet, Toyota, Nissan, Subaru, GMC, Honda, Cadillac, and many more.
  • Densely Populated and Affluent Fort Worth Suburb: Features an Average Household Income of $93k+ and more than 163k 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 & Housing Developments / Under Construction.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. This Opportunity Provides a Best-of-Class Investment Featuring the Benefit to Qualify For Accelerated Depreciation in an Income Tax Free State.

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

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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