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0 Beds
0 Baths
0 sq ft
MLS 20705113
MLS 20705113
Beds
Baths
Sq Ft
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.
On the market for 51 days
Commercial built in 1960
.5 sq ft lot
per sq ft
No Pool
Summary of the property details
Sq. Ft:
0
Stories:
2
Year Built:
1960
County:
Tarrant
Last updated Aug 17, 2024
Parking, utilities, etc for the listing
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Year Built:
1960
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Century 21 Mike Bowman, Inc.
Homes similar to 2512 Hemphill Street are listed between $120,000 and $1,395,000 at and average of $282 per square foot.