2512 Hemphill Street Active Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76110
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Hodge C T Add
MLS Listing ID 20705113
Year Built 1960
Annual Tax Amount $16,107
Lot Size 0.334 Acres
Property 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.
Location
State TX
County Tarrant
Zoning E - Neighborhood Commercial
Interior
Heating Natural Gas
Cooling Central Air,Electric
Flooring Concrete
Exterior
Utilities Available City Sewer,City Water,Concrete,Curbs,Electricity Connected,Individual Gas Meter,Individual Water Meter,Sidewalk
Roof Type Flat,Synthetic
Building
Foundation Slab
Structure Type Brick