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Wells Fargo (Recent Lease Renewal) 8600 N Beach St 3,966 SF Retail Building Fort Worth, TX 76244 $2,685,000 ($677.00/SF) 6% Cap Rate
Investment Highlights
- Recent Lease Renewal – Ground Lease With 5.3 Years Remaining
- Brick Construction With Drive-Thru Banking | 1.21-Acre Outparcel to Walmart Supercenter
- Long-Term Tenant Commitment | 20+ Years on Site
- High-Visibility N Beach St Location (18,794 VPD) | Near N Tarrant Pkwy (28,155 VPD)
- Positive Deposit Growth Over the Trailing 3-Years
- Growing and Affluent Area | 309K+ Population | $122K+ Avg HH Income (5-Mile Radius)
Executive Summary
Offered for sale is a corporate-guaranteed Wells Fargo ground lease in Fort Worth, Texas. The bank has operated at this location for over 20 years and recently extended its absolute NNN lease through May 2031, featuring 10% rent escalations every five years and zero landlord responsibilities. The property includes a 3,966-SF freestanding building with a full-service drive-thru, situated on a 1.21-acre outparcel to a Walmart Supercenter at a high-traffic intersection, surrounded by a strong mix of national retailers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,966 SF
Building Class
B
Year Built
2006
Price
$2,685,000
Price Per SF
$677.00
Cap Rate
6%
NOI
$161,051
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.21 AC
Zoning
Commercial
Frontage
109’ on North Beach Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 41668731 | Improvements Assessment | $729,379 |
| Land Assessment | $1,055,321 | Total Assessment | $1,784,700 |
Property Taxes
Parcel Number
41668731
Land Assessment
$1,055,321
Improvements Assessment
$729,379
Total Assessment
$1,784,700
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Wells Fargo (Recent Lease Renewal) | 8600 N Beach St
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