Los Jimadores Mexican Food
Los Jimadores Mexican Food is a single tenant net leased asset situated on 35,143 square feet of land (.81 acres) in Fort Worth, Texas. Positioned just off the intersection of Jacksboro Highway and River Oaks Boulevard, the Property is 10 minutes northwest of Downtown Fort Worth and 5 minutes from the Fort Worth Stockyards. Los Jimadores Mexican Food’s lease runs through May 2022 at $13.33 PSF NNN which is at or below market for comparable retail space creating potential for upside opportunity. The lease features zero landlord responsibilities. The Property is priced at $912,000 which is $25.95 PSF to the land and below replacement cost at $213.33 PSF to the building. Los Jimadores is leased through May 2022 at which time the tenant has one, 5-year option to extend their lease at 26.3% rent increase which would boost an investor’s cap rate to 7.89% at list price if exercised. Nearby national retailers include Walmart, CVS Pharmacy, QuikTrip, AutoZone, Wells Fargo, T-Mobile, La Michoacana Market, Planet Fitness and more.