2512 Hemphill Street , Fort Worth, TX 76110
Fort Worth, TX 76110
Description
This street-front, high-traffic property on Hemphill St. has new lighting, electrical, plumbing, paint, polished concrete floors, and landscaping. It’s 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 investment 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.
Details
| Mls | 20705113 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 118 |
| Listing Provided By | Century 21 Mike Bowman, Inc. | Stephanie Bunn |
Features
| Sq Feet | 14,570 |
|---|---|
| Storys | 2 |
| Units | 1 |
| Zoning | E - Neighborhood Commercial |
| Acreage | 0.33 |
Market Activity 76110
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Learn More About This Property
| State | TX |
|---|---|
| County | Tarrant |
| City | Fort Worth |
| Zip Code | 76110 |
| Area | Tarrant |
| Community Name | Hodge C T Add |
| Listing VS Median (in Hodge C T Add) | |
Price: $1,700,000 low | high Med: $1,700,000 SqFt: 14,570 low | high Med: 14,570 $ / SqFt: $117 low | high Med: $117 On Site: 118 low | high Med: 118.000000 | |