Spec's Wines, Spirits, & Finer Foods 106 Cleburne Ave 8,624 SF Retail Building Weatherford, TX 76086 $4,701,666 ($545.18/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Spec’s Wines, Spirits & Finer Foods located in Weatherford, Texas, within the Dallas-Fort Worth MSA. Spec’s Wines, Spirits & Finer Foods has been successfully operating from this location since construction was completed in 2020. They are operating on a long-term lease through September 2035. The lease features 10% rental increases during the primary term and 3% increases in each of the two ?ve-year renewal options. Additionally, the property bene?ts from its location in Texas, an income tax–free state.
The 8,624 square-foot building is situated along TX-171, which sees more than 29,600 vehicles per day, and bene?ts from close proximity to Interstate 20 with traffic counts of approximately 65,000 vehicles per day. The property is within walking distance of Weatherford College, which enrolls roughly 7,300 students, and is near major traffic drivers including Medical City Weatherford (Hospital) and Weatherford High School (2,500 students) . The surrounding trade area features a strong lineup of national retailers such as Target, Best Buy, Lowe’s, The Home Depot, Walmart Supercenter, Tractor Supply Company, Goodwill, Ross, and HomeGoods. The ?ve-mile radius boasts an average household income of approximately $103,000 and a population exceeding 42,000, further supported by nearby apartment communities including Mustang Ridge, College Park, and Oxford at Weatherford.
Spec’s Wines, Spirits & Finer Foods is a renowned Texas-based, family-owned retail chain founded in 1962 in Houston by Carroll B. “Spec” Jackson and his wife Carolynn Jackson, with the name derived from Jackson’s nickname referencing his spectacles. Starting as a small neighborhood liquor store focused on beer and spirits, the business expanded signi?cantly under the second-generation leadership of daughter Lindy Rydman and her husband John Rydman, who introduced an extensive wine selection in 1974 and later added gourmet foods. Now in its third and fourth generations of family operation, Spec’s has grown into Texas’ largest locally owned liquor retailer, operating over 200 locations across the state.