Urban-High Street
Malone's Pub
1303 Calhoun St, Fort Worth, TX 76102
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale Malone's Pub, a rare sale/leaseback opportunity of a long-established bar/restaurant property located at 1303 Calhoun Street, Fort Worth, Texas. The 2,250- square-foot bar/restaurant asset located in the heart of downtown Fort Worth, Texas, directly adjacent to the Fort Worth Convention Center. The subject property is a single tenant asset and the offering includes a new five-year sale/leaseback with one five-year renewal option. The investment opportunity provides a net operating income of $60,000 annually with a triple-net lease. The base rent per-square-foot is $26.67, which is below market for the immediate submarket. Malone's Pub is featured in a prime location, directly across from the Fort Worth Convention Center, which has recently begun construction on the $95 million Phase of its 20-year planned expansion. The subject property is currently zoned H – Central Business, which allows for a multitude of commercial uses to service the immediate area, with no height restrictions.
The subject property is located proximate to major economic drivers in the area including the iconic Sundance Square, the expanding Fort Worth Convention Center, and Texas A&M's Downtown Fort Worth Campus. The Texas A&M Campus development is located at 1515 Commerce Street and is less than one-half mile from the subject property. The overall investment in the Texas A&M Fort Worth Campus is projected to reach $350 million in total, with construction anticipated to conclude by 2025. The downtown area has also seen an influx of over 3,000 new residents due to the recent surge in new multifamily developments.
The nearby Fort Worth Convention Center is set to add more than 180,000 square feet of event space in the next several years. The upgrades will feature a new 85,000-square-foot ballroom, accompanied by 97,000 square feet of additional exhibit space. In total, the facility's usable square-footage is scheduled to increase by 40 percent, and Phase II is anticipated to be delivered with an additional $500 million investment.
Within close proximity, there are several new vertical development projects receiving a tremendous amount of funding, exemplifying the strength of the downtown Fort Worth market. Most notably, the nearby Omni Hotel has plans for new expansion, and is a sparkplug for over $700 million in new hospitality development projects scheduled for Downtown. The Omni Hotel expansion plans to deliver over 1,000 total guest rooms, while adding an additional 50,000 square feet for meeting space, and a subsequent 450-space parking garage to accommodate the upgrades.
The city of Fort Worth has recently been recognized by the Wall Street Journal as the next major boom market for commercial real estate. Fort Worth, Texas is also recognized as the fastest growing city in the United States, with a population of just under one million. As the 13th largest city in the country, Fort Worth is also generating an impressive $2.5 billion in new developments. Factors such as the relatively low cost of living, proximity to recent major corporate relocations, and robust development opportunities have driven more new residents to the Fort Worth market at a rate faster than any other city in the United States.
Overall, Malone's Pub provides a new investor the rare opportunity to acquire a prime downtown Fort Worth asset in a new triple-net sale/leaseback. The subject property is core asset located at the entrance of the expanding Fort Worth Convention Center, in an extremely high-barrier-to-entry market, providing the potential for future upside to capture rising rents in the downtown submarket.
Investment Highlights
- Rare Downtown Fort Worth Sale/Leaseback Investment Opportunity
- Single-Tenant Bar/Restaurant Asset | Long-Standing Operational History
- 2,250-SF Building | Projected NOI: $60,000 | $26.67/PSF + NNN
- Directly Across from the Fort Worth Convention Center
- Proximate to New Texas A&M Campus
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Rare Downtown Fort Worth Sale/Leaseback Investment Opportunity
- Single-Tenant Bar/Restaurant Asset | Long-Standing Operational History
- 2,250-SF Building | Projected NOI: $60,000 | $26.67/PSF + NNN
- Directly Across from the Fort Worth Convention Center
- Proximate to New Texas A&M Campus
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale Malone's Pub, a rare sale/leaseback opportunity of a long-established bar/restaurant property located at 1303 Calhoun Street, Fort Worth, Texas. The 2,250- square-foot bar/restaurant asset located in the heart of downtown Fort Worth, Texas, directly adjacent to the Fort Worth Convention Center. The subject property is a single tenant asset and the offering includes a new five-year sale/leaseback with one five-year renewal option. The investment opportunity provides a net operating income of $60,000 annually with a triple-net lease. The base rent per-square-foot is $26.67, which is below market for the immediate submarket. Malone's Pub is featured in a prime location, directly across from the Fort Worth Convention Center, which has recently begun construction on the $95 million Phase of its 20-year planned expansion. The subject property is currently zoned H – Central Business, which allows for a multitude of commercial uses to service the immediate area, with no height restrictions. The subject property is located proximate to major economic drivers in the area including the iconic Sundance Square, the expanding Fort Worth Convention Center, and Texas A&M's Downtown Fort Worth Campus. The Texas A&M Campus development is located at 1515 Commerce Street and is less than one-half mile from the subject property. The overall investment in the Texas A&M Fort Worth Campus is projected to reach $350 million in total, with construction anticipated to conclude by 2025. The downtown area has also seen an influx of over 3,000 new residents due to the recent surge in new multifamily developments. The nearby Fort Worth Convention Center is set to add more than 180,000 square feet of event space in the next several years. The upgrades will feature a new 85,000-square-foot ballroom, accompanied by 97,000 square feet of additional exhibit space. In total, the facility's usable square-footage is scheduled to increase by 40 percent, and Phase II is anticipated to be delivered with an additional $500 million investment. Within close proximity, there are several new vertical development projects receiving a tremendous amount of funding, exemplifying the strength of the downtown Fort Worth market. Most notably, the nearby Omni Hotel has plans for new expansion, and is a sparkplug for over $700 million in new hospitality development projects scheduled for Downtown. The Omni Hotel expansion plans to deliver over 1,000 total guest rooms, while adding an additional 50,000 square feet for meeting space, and a subsequent 450-space parking garage to accommodate the upgrades. The city of Fort Worth has recently been recognized by the Wall Street Journal as the next major boom market for commercial real estate. Fort Worth, Texas is also recognized as the fastest growing city in the United States, with a population of just under one million. As the 13th largest city in the country, Fort Worth is also generating an impressive $2.5 billion in new developments. Factors such as the relatively low cost of living, proximity to recent major corporate relocations, and robust development opportunities have driven more new residents to the Fort Worth market at a rate faster than any other city in the United States. Overall, Malone's Pub provides a new investor the rare opportunity to acquire a prime downtown Fort Worth asset in a new triple-net sale/leaseback. The subject property is core asset located at the entrance of the expanding Fort Worth Convention Center, in an extremely high-barrier-to-entry market, providing the potential for future upside to capture rising rents in the downtown submarket.
Exclusively Listed By
Financing By

