Gross SqFt: 2,080 / Assessor
$/Gr SqFt: $276.44
Unexempt Taxes: $7,524
Leasable SqFt: 1,500
NN office space on high traffic E Lancaster Ave occupied by a national tenant offered at an 9.3% CAP. Tenant has occupied the property for nearly twenty years with a remaining 5yr lease renewal option. Tenant recently updated the exterior of the building including stucco, fresh paint, lighting and new signage. Very stable, professionally managed tenant. Located minutes away from downtown Fort Worth on the main road leading into the city center. Tenant is responsible for insurance, taxes and all repairs with the exception of the roof which is in good condition. There is an unoccupied office on the second floor with a separate entrance that provides the opportunity to potentially add additional income. Current survey in hand. This is one property where you donâ€™t even have to remember you own, simply sit back and get a $4,250 check every month.
All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kimball Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
REALTORS® - Broker of Record: Mary Jo Thomas Kimball (License Number 172054)