Listing Courtesy of: Stephanie Bunn - Century 21 Mike Bowman, Inc.
$1,700,000
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2512 Hemphill Street Fort Worth, TX 76110
Retail
Residence
Beds
Baths
8,100
Sq. Ft.
0.33
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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This street-front, high-traffic property on Hemphill St. has new lighting, electrical, plumbing, paint, polished concrete floors, and landscaping. Itâs offer at an above market CAP rate of 6.52% in a NNN lease with annual escalations and two 36-month renewals positions this building as a prime inves...tment opportunity at $1.7M. This 8,100 SF building hosts two offices, a breakroom, two ADA compliant bathrooms, a reception, and a 6,377 SF supply area fed by 120 208V 3 phase power. One new 10-ton HVAC and gas hot water heater was installed early 2022 along with the other interior MEPs. The TPO roof is in good condition. The 12 car parking lot and 2 street spaces is deal for last mile services. This cash flowing property delivers a good balance of financial stability and ample opportunity to obtain a higher yield with the current tenant, DashMart, a subsidiary of DoorDash, Inc., who is of great creditworthiness.
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MLS#
20705113
Property Type
Retail
Year Built
1960
Square Feet
8,100
sq. ft
Lot Size
0.33
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