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7304 Denton Hwy
Watauga, TX 76148
Retail Property For Sale
Executive Summary
Flanagan Investment Real Estate is pleased to offer for sale a
dark single-tenant, absolute NNN ground lease former CosMc’s
(McDonald’s) in Watauga, TX. Watauga is part of the Fort Worth
MSA which is one of the fastest growing large city’s in the entire
country. The property fronts on Denton Hwy with over 34,365
vehicles per day.
This is a proven trade area with synergy from neighboring national
tenants and is surrounded by dense residential neighborhoods. This
is a high growth, affluent market. The building is approximately
+/-3,641 sq. ft. situated on about +/-1.23 acres.
There are about nine years of term remaining through May 31,
2035. The tenant is operating under an absolute NNN ground
lease. There are numerous possibilities for future re-tenanting or
redevelopment.
This investment benefits from the long-term lease, its exceptional
location, and numerous future possibilities. The site is located
on the main thoroughfare in one of the fastest growing markets
surrounded by numerous retailers and residential. The long-term
lease with a credit tenant, combined with the strong real estate
fundamentals make this property an opportunity on which an
investor can capitalize.
dark single-tenant, absolute NNN ground lease former CosMc’s
(McDonald’s) in Watauga, TX. Watauga is part of the Fort Worth
MSA which is one of the fastest growing large city’s in the entire
country. The property fronts on Denton Hwy with over 34,365
vehicles per day.
This is a proven trade area with synergy from neighboring national
tenants and is surrounded by dense residential neighborhoods. This
is a high growth, affluent market. The building is approximately
+/-3,641 sq. ft. situated on about +/-1.23 acres.
There are about nine years of term remaining through May 31,
2035. The tenant is operating under an absolute NNN ground
lease. There are numerous possibilities for future re-tenanting or
redevelopment.
This investment benefits from the long-term lease, its exceptional
location, and numerous future possibilities. The site is located
on the main thoroughfare in one of the fastest growing markets
surrounded by numerous retailers and residential. The long-term
lease with a credit tenant, combined with the strong real estate
fundamentals make this property an opportunity on which an
investor can capitalize.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,782 SF
Building Class
C
Year Built
2024
Price
$2,310,000
Price Per SF
$610.79
Cap Rate
5.50%
NOI
$127,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.23 AC
Frontage
238’ on Denton Hwy
Amenities
- Restaurant
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 42011718 | Improvements Assessment | $948,718 |
| Land Assessment | $751,282 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Number
42011718
Land Assessment
$751,282
Improvements Assessment
$948,718
Total Assessment
$1,700,000
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