5619 Rufe Snow Drive
North Richland Hills, TX
Price:
$2,758,000
Cap Rate:
5.10%
NOI:
$140,674
Building Size:
Approx. 5,646 Sq. Ft.
Lot Size:
Approx. 0.5 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built / Renovated:
1998 / 2015
Investment Overview
- 2015 Renovation. 4,000+/- SF Building on 0.50+/- Acre Site
- 13.5 Yrs remaining on 20 Yr Corporate Abs. NNN Lease that is Guaranteed by Shell Oil
- Subject Lease has 10% Rent Increases Every 5 Years | Perfect Hedge Against Inflation
- Subject Property Situated Along High-Traffic Rufe Snow Dr. Near TX-820 (131K VPD)
- Beneficial Proximity to DFW International Airport (63.4 Million Annual Travelers)
- Near Dutch Bros, WinCo, Home Depot, Chick-fil-A, Whataburger, Chipotle, etc.
- North Richland Hills | 15 Min from Downtown Fort Worth | Population: 70,000+