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Mo' Bettahs 2-Tenant 1858 Precinct Line Rd 4,140 SF 52% Leased Retail Building Hurst, TX 76054 $2,725,000 ($658.21/SF) 7.81% Cap Rate



Investment Highlights
- 52.22% Leased 4,140 SF Drive-Thru Retail Asset Adjacent to Walmart Supercenter in Hurst, TX (DFW)
- Significant Upside Exists in Leasing 1,978 SF Vacancy; Submarket Leasing has Demonstrated Rents from $38.00 - $45.00 PSF NNN
- Average Household Income Exceeds $117,300, $115,300 & $129,100 in a 1, 3 & 5 Mile Radii, Respectively
- Corporate Mo’ Bettahs In Drive Thru End Cap, 10% Rental Increase in Year 5, Two 5-year Renewal Options 10% Increases
- Situated on +/-1.00 Acre Parcel with Excellent Visibility from Precinct Line Road, a Drive-Thru for Mo’ Bettahs
- Regional Trade Area with Over 2,100,000 SF of Retail GLA and Occupancy Rate in Excess of 93.5% in a 1 Mile Radius (CoStar)
Executive Summary
Mo’ Bettahs 2-Tenant Retail is a 4,140 SF retail asset with corporately backed Mo’ Bettahs occupying the existing drive-thru end cap located adjacent to Walmart Supercenter in Hurst, Texas. Situated on +/- 1.00 acres the Property is moments north of the Highway 183 and Precinct Line Road intersection, and just 15 minutes west of DFW International Airport, 15 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas. Mo’ Bettahs 2-Tenant Retail offers significant upside potential in leasing the existing 1,978 SF vacancy to a retail, service or medical user. Submarket leasing has demonstrated rents from $38.00 - $45.00 PSF NNN for similar fundamental small format retail along Precinct Line. The Property benefits from excellent visibility with frontage along Precinct Line Road, an existing drive-thru, masonry construction with engaging architectural elements, multiple ingress/egress points and a two-sided monument sign. Average household income exceeds $117,300, $115,300 and $129,100 in a 1, 3 and 5 mile radii, respectively. Notable national retails in the area include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Lowe’s Khol’s, Aldi, CVS Pharmacy, Office Depot, Starbucks, Chick-fil-A, In-N-Out Burger, AT&T, Chase Bank, Panera Bread, Ace Hardware and Dunkin’ amongst numerous others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,140 SF
Building Class
B
Year Built
2003
Price
$2,725,000
Price Per SF
$658.21
Cap Rate
7.81%
NOI
$212,796
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Zoning
Retail - Commercial
Parking
24 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
145’ on Precinct Line Rd
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Previous Dickey's Barbecue Pit.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,977 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 1,977 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 1,977 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
Previous Dickey's Barbecue Pit.
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 40608077 | Improvements Assessment | $836,858 |
| Land Assessment | $434,450 | Total Assessment | $1,271,308 |
Property Taxes
Parcel Number
40608077
Land Assessment
$434,450
Improvements Assessment
$836,858
Total Assessment
$1,271,308
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Mo' Bettahs 2-Tenant | 1858 Precinct Line Rd
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