Capital One (Dark)

Capital One (Dark)

Fort Worth, TX

Fort Worth, TX

Capital One (Dark)

Offered for sale is the opportunity to acquire a Capital One ground lease in Fort Worth, Texas. Although Capital One is vacating the premise at the end of the lease term, they are still obligated for approximately $1,237,500 in future rent obligations (based on 7 years of rent payments). At the asking price, an investor should be able to lower their basis in the property, recapturing 41 percentage of their initial investment over the remaining lease term.

Building Size 3,559 sqft
Lot Size 1.19 acres
Year Built 2015
Offering Memorandum

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Capital One will be Vacating at the End of Their Lease, Allowing an Investor Ample Time to Re-Tenant a “Class A” Property Without Incurring NNN Costs
  • H-E-B owns 24.4 Acres Directly Across from the Subject Property
  • Large 1.19 Acre Parcel Located in a Growing Retail Corridor
  • Ground Lease with Approximately 7.3 Years Remaining
  • Excellent Visibility and Access Near the Intersection of North Tarrant Parkway and Denton Highway (62,993 VPD)
  • 111% Population Growth Since 2000 and 9.4% Projected Growth in the Next Five Years (Five-Mile Radius)
  • 314,642 Residents and an Average Household Income of $122,901 (Five-Mile Radius

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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