1020 South Crowley Rd.
Crowley, TX 76036 ·
7,610 SF · Retail For Sale
Bridgestone / Firestone
|Price||N/A||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||7,610 SF||Cap Rate||7.10%|
|Property Sub-type||Free Standing Bldg||Tenancy||Single|
|Listing ID: 15801626||Date Created: 07/14/2008||Last Updated: 07/30/2008|
The subject property is an opportunity for an investor to acquire a 7,610 square foot newly completed build-to-suit for Firestone. The lease has a 15 year primary term with 6.25% rent bumps every five years and four 5-year renewal options. Landlord responsibilities include roof and structure.
The Firestone store is at Crowley' s primary intersection. This site is approximately 10 miles south of downtown Ft. Worth, 40 miles west of the City of Dallas, and 25 miles southwest of the Dallas/Ft. Worth International Airport. The projected population for 2011 is estimated to be 57,937 within a three mile radius which entails a 30.35% growth over the next five years. The 2005 median household income is $60,319 for a three mile radius. Core residential is predominantly located east of the site with future residential growth planned at all four directions.
Current major retail traffic generators for the trade area include Kroger and Albertson' s which both share the same intersection as Bridgestone. Additional daily needs users such as CVS, Walgreen' s and branch banks occupy the alternate corners. There is existing core residential within near proximity of location to support retail development. Future residential growth will continue and was the primary reason the location was selected.
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