Salad and Go, Fort Worth, Texas

6900 Blue Mound Rd no-imageVIEW MAP

Property Information

Price: $1,952,381

Cap Rate: 5.25%
NOI: $102,500
Lease Term: 20 Years
Lease Type: Absolute NNN Ground Lease
Building Size: Approximately 700 Square Feet
Year Built: 2022
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Brand New 20 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by And Go Concepts, LLC – Salad and Go is a Leading Fast-Casual Concept Founded in 2013 That Operates 49 Locations Throughout Arizona & Texas with 7 Additional Locations Opening in 2022
  • New Construction, Pride of Ownership Asset Featuring Salad & Go’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property with a 19 Car-Stack Drive-Thru Lane, Providing the Location with the Ability to Effectively Handle High Restaurant Volume
  • Densely Populated, Infill Location with Excellent Demographics – Nearly 265,000 People in a 5-Mile Radius with Average Household Income Exceeding $97,000 in a 1-Mile Radius of the Property
  • Located in an Affluent and Rapidly Growing Area of North Fort Worth – Currently One of the Fastest Growing Areas in the Country – Over 46,000 Lots Recently Developed, Under Construction or Soon to be Constructed Within 5 Miles of the Property
  • High Traffic Location – Over 23,000 Vehicles Per Day on N. Blue Mound Round and More Than 25,000 Vehicles Per Day on Basswood Blvd
  • Tremendous Recent Growth – Population Has More Than Tripled within a 5-Mile Radius Since 2000 Census – Fort Worth was Ranked the Fastest Growing Large City in the United States From 2000 to 2018
  • Over 58 Million Square Feet of Industrial & Office Space and 12 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 74,210 Employees
  • Situated Across from Saginaw High School with More Than 1,850 Students Enrolled, Bringing a High Volume of Consumers Directly in Front of the Property Daily
  • Approximately 1.1 Miles from the BNSF Railway Corporate Office with More Than 4,500 Employees
  • Located Adjacent to a High-Volume Kroger Grocery Store That Totaled Over 1 Million Individual Visits Over the Prior Calendar Year
  • Strategically Positioned as a Pad to a Future EOS Fitness Center, Which Will Bring Even More Daily-Needs Traffic & Consumers Directly to the Site
  • Within a 5-Mile Radius of Sixty-Two Primary, Higher Education & Private Grade Schools That Have More Than 59,000 Combined Students & Faculty Members
  • Tremendous Multi-Family Density with 18,714 Apartment Units within a 5-Mile Radius of the Property – an Additional 1,340 Units are Currently Under Construction
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset