• Description
  • Details
The subject property is located on 824 Airport Freeway in Hurst, Texas. This Abuelo s Mexican Food Embassy is approximately 9,200 square feet and sits on approximately 72,309 square feet of land. The building was built in 1998.

The investment is an absolute NNN deal and will have a new 15 year lease signed at the close of escrow. The property has an initial cap rate of 7.20% and zero landlord responsibilities. The new lease includes 10% rent escalations every five years. There will also be five five-year options.

The property has a guarantee from Food Concepts International, LP. They operate 29 restaurants in 13 states under the Abuelo's Mexican Food Embassy name and have very strong financials. ]

The subject property is located directly off Airport Freeway (State Highway 121) in Hurst, Texas. The property is located near the State Highway 121 and Interstate Highway 820 interchange in the heart of the Dallas Fort Worth metropolitan area. The subject property sits in a major commercial area. As a result of its prime location, the traffic count in the immediate surrounding area is over 100,000 cars per day.

The subject property is located near many national and local retail tenants. National tenants in the area include CompUSA, Hampton Inn, Target, Wal Mart, Starbucks, AmeriSuites, Chase Bank, Albertson's, Burger King, McDonald's and Outback Steakhouse. The subject property is also located in the same immediate area as the North East Mall Shopping Center, City Hall, Southwest Surgery Hospital, and Tarrant County College. There are many residential developments in the surrounding area.
  • Property Type : Retail
  • Property Size : 9,536
  • Year Built : 1998
  • Stories : 1
  • Typical Floor Size : 9,536
  • Elevators : 0

Available Space (1)

Suite
Attachments
Sqft
Rate
Type
Max Contiguous
Lease Type
Cam Charges
Floor 1 9,536 $30.00 Direct Lease

Property Downloads (1)

Name Type
824 Airport Flyer DOWNLOAD