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Shopping Strip

314 South Main

314 S Main St, Fort Worth, TX 76104

Listing Price: $4,105,000

Cap Rate
6.00%
Gross SF
9,007
Rentable SF
9,007
Price/Gross SF
$455.76
Lot Size
0.28 acres
Year Built
1970

Investment Overview

314 South Main is a 9,007-square-foot, multi-tenant retail center located in Fort Worth, Texas. 314 South Main is currently 100 percent occupied, and all leases are triple-net. The center is a complementary mix of restaurant and bar establishments, consisting of Atlas Bar, The Coupe, and Buena Vida Taqueria. All leases include annual rent escalations and renewal options after the initial term. The original building, constructed in 1970, has been completely renovated including all new storefronts, a dumpster enclosure, a grease trap, new patio, exterior painting, new canopies, and a painted mural. The building is situated on 0.28 acres with newly updated landscaping and city-owned street parking.

The subject property is located a half mile southwest of the intersection of Interstate 30 and Interstate 35 West on South Main Street. Traffic counts on Interstate 30 are approximately 123,246 vehicles per day and 171,365 vehicles per day on Interstate 35 West. 314 South Main is located within the Near Southside District, just south of downtown Fort Worth. Near Southside is known for its proximity to Fort Worth's world class Medical District, home to Tarrant County's major hospitals and dozens of independent medical clinics, which provide tremendous economic impact to the city and accounts for 39,000 jobs. z

Investment Highlights

  • 9,007-Square-Foot, Three-Tenant Retail Center Well Positioned in the Popular Near Southside District
  • 100% Occupied | All Leases are Triple-Net | Tenants are a Mix of Unique Local Restaurants and Bars
  • All Leases Include Annual Rent Escalations, Providing Year-Over-Year Income Growth
  • Landlord Reports Extensive Renovations Including All New Storefronts, Dumpster Enclosure, Grease Trap, New Patio, Painted Exterior, New Canopies, a Painted Mural, and Updated Landscaping
  • Near Southside District is an Urban Redevelopment District in the Southwest Quadrant of Interstate 30 and Interstate 35

Exclusively Listed By

Financing By

Shopping Strip

314 South Main

Listing Price: $4,105,000

Cap Rate
6.00%
Gross SF
9,007
Rentable SF
9,007
Price/Gross SF
$455.76
Lot Size
0.28 acres
Year Built
1970

Investment Highlights

  • 9,007-Square-Foot, Three-Tenant Retail Center Well Positioned in the Popular Near Southside District
  • 100% Occupied | All Leases are Triple-Net | Tenants are a Mix of Unique Local Restaurants and Bars
  • All Leases Include Annual Rent Escalations, Providing Year-Over-Year Income Growth
  • Landlord Reports Extensive Renovations Including All New Storefronts, Dumpster Enclosure, Grease Trap, New Patio, Painted Exterior, New Canopies, a Painted Mural, and Updated Landscaping
  • Near Southside District is an Urban Redevelopment District in the Southwest Quadrant of Interstate 30 and Interstate 35

Investment Overview

314 South Main is a 9,007-square-foot, multi-tenant retail center located in Fort Worth, Texas. 314 South Main is currently 100 percent occupied, and all leases are triple-net. The center is a complementary mix of restaurant and bar establishments, consisting of Atlas Bar, The Coupe, and Buena Vida Taqueria. All leases include annual rent escalations and renewal options after the initial term. The original building, constructed in 1970, has been completely renovated including all new storefronts, a dumpster enclosure, a grease trap, new patio, exterior painting, new canopies, and a painted mural. The building is situated on 0.28 acres with newly updated landscaping and city-owned street parking. The subject property is located a half mile southwest of the intersection of Interstate 30 and Interstate 35 West on South Main Street. Traffic counts on Interstate 30 are approximately 123,246 vehicles per day and 171,365 vehicles per day on Interstate 35 West. 314 South Main is located within the Near Southside District, just south of downtown Fort Worth. Near Southside is known for its proximity to Fort Worth's world class Medical District, home to Tarrant County's major hospitals and dozens of independent medical clinics, which provide tremendous economic impact to the city and accounts for 39,000 jobs. z

Exclusively Listed By

Financing By

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