Salad and Go 3416 Texas 114

3416 114 , Fort Worth, Texas, 76177 | 649 sq.f | $ 1,583,000

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About This Restaurant

Investment Highlights

High Quality 2024 Construction with Drive-Thru Regional Trade Area Market that Encompasses Tarrant, Denton and Wise counties Long-Term Corporate Absolute NNN Ground Lease with 10% Rental Escalations Every 5 Years

Executive Summary

High Quality 2024 Construction with Drive-Thru ? Salad and Go has a dedicated drive-thru lane with excellent ingress/egressLong-Term Corporate Absolute NNN Ground Lease with 10% Rental Escalations Every 5 Years ? Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure while the rental escalations provide a strong hedge against inflationRegional Trade Area Market that Encompasses Tarrant, Denton and Wise countiesUnique Concept that is Rapidly Growing with Annual Sales Growth of 166.3% ? Salad and Go had a compound annual growth rate of 115.8% in 2022, increasing from 38 units at the end of 2021 to 82 units at the end of 2022. Salad and Go?s annual sales grew 166.3%, up to $76.2 million at the end of 2022 from $28.6 million at the end of 2021Pad Site to The Champions Circle Mixed Use Development Driving Extensive Visitor Traffic to the SiteTexas has NO State Income Tax

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    649
  • Building Class    B
  • Year Built    2024
  • Price    1,583,000
  • Price Per SF    2,439
  • Cap Rate    6
  • NOI    95,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.03
  • Land Acres    0.51 AC

Property Taxes

Parcel Number R775759 Improvements Assessment $2,909,460
Land Assessment $0 Total Assessment $2,909,460
Date Created: 2024-07-16 04:23:40 Last Updated: 2024-07-16 04:23:40
Address: 3416 114 , Fort Worth, Texas, 76177