KW Net Lease Advisors is pleased to present the opportunity to acquire a net leased, corporately guaranteed Goodyear Auto Service Center in the thriving city of Fort Worth, Texas. The subject property is encumbered by a corporately guaranteed lease that commenced in 1988 and has 2+ years remaining on the current term with 4 (5) year options remaining.
The subject property benefits from being ideally located next to two high end car dealerships (Lexus and Infinity) creating great customer traffic. The immediate retail area is full of strong tenants, including; Chick-fil-A, Pei Wei, Academy Sports, Target, Starbucks and many more. The immediate area is also supported by a high average household income ($87K within 3 miles). Bryant Irving Road is one of the major roadways connecting I-30 to I-20 in Fort Worth.
Goodyear has successfully operated at this location since 1988 and continues to work with the Landlord to ensure their footprint at this location.
The surrounding area is projected to grow 10% in the next 5 years and has a current 5-mile population of 277,000. Fort Worth has a population over 800,000 and is the 16th largest city in the US and the 5th largest city in the state of Texas.
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