Maya Tequila Ranch | Fort Worth, TX 1005 Norwood St

1005 Norwood St , Fort Worth, Texas, 76107 | 14,550 sq.f | $ 5,895,384

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About This Restaurant

Investment Highlights

Brand New Absolute Net 12-Year Lease with rent increases | 2, (5) year Option Periods with rent increases | Experienced Operator Population 281,336 in 5-mile radius | Traffic Counts of 21,890+ VPD | Average HH Income $130,200+ in 1-mile radius Located in the heart of Fort Worth's Booming West 7th Cultural District | Multiple Mixed-Use Developments underway within 3 blocks or less from Maya T

Executive Summary

TREK Investment Group is pleased to offer for sale Maya Tequila Ranch in Fort Worth, Texas. Situated on the hard corner of Norwood and Morton Streets and one block from University Blvd seeing traffic counts in excess of 21,890 VPD, Maya Tequila Ranch is a growing regional bar in the highly desirable Cultural District of Forth Worth. This exceptional investment property offers an investor a brand new Absolute Net 12-Year lease with scheduled rent increases in the primary, as well as each of the two, 5-year options periods. Maya Tequila Ranch is situated amongst numerous nightlife and entertainment destinations, national retailers, as well as a highly concentration of notable museums, stadiums, and large tourist attractions drawing more than 10.8 Million visitors and a $3+ Billion economic impact annually.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    14,550
  • Building Class    B
  • Year Built/Renovated    1978/2024
  • Price    5,895,384
  • Price Per SF    405
  • Cap Rate    6.50
  • NOI    383,200
  • Tenancy    Single
  • Building Height    2 Stories
  • Building FAR    1.24
  • Land Acres    0.27 AC

Amenities

  • Dedicated Turn Lane

Nearby Amenities & Transportation

Retail Regions Bank
Retail World Of Beer
Retail BBVAUSA
Retail Blue Sushi Sake Grill
Retail Eddie V's
Retail Prosperity Bank
Retail Chase Bank
Retail Pure Barre
Retail LA Fitness
Retail Velvet Taco

Property Taxes

Parcel Number 03253511 Improvements Assessment $587,500
Land Assessment $3,312,500 Total Assessment $3,900,000
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: 1005 Norwood St , Fort Worth, Texas, 76107