7 Brew | HTeaO

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Investment Overview

Marcus & Millichap is pleased to present for sale 7 Brew | HTeaO, a single tenant net lease portfolio, consisting of two national credit retail tenants located at 5001 and 5101 North Tarrant Parkway in Fort Worth, Texas. The newly constructed single-tenant assets are well-positioned within a strong retail corridor, proximate to the signalized hard corner of Tarrant Parkway and Park Vista Boulevard, an intersection that sees over 50,000 vehicles per day. The newly constructed assets are separately platted across 4.36 acres and feature a weighted average lease term of over 9 year remaining. Both tenants feature four 5-year renewal options at ten percent increases per term. The portfolio is located within proximity to the subject property is a densely populated set of retail strips featuring national and strong regional credit tenants to service booming population in the immediate submarket.

The subject property is located in the rapidly growing North Fort Worth submarket, with the average household income exceeding $141,000 within a one-mile radius. Due to the strength of the demographics in the immediate market, Kroger has built a new store at the northeast corner of Park Vista and North Tarrant Parkway, followed by a Walmart Supercenter at the northeast corner of North Tarrant Parkway and North Beach Street as well as a future H-E-B Grocery store site located at the northwest corner of State Highway 377 and North Tarrant Parkway.

The city of Fort Worth, Texas is ranked the 13th largest and the fastest-growing city in the United States, according to the U.S. Census Bureau. The city added more than 194,000 residents between 2010 and 2021, equating to 25 percent growth. Fort Worth is projected to be home to approximately 1,000,000 residents by 2028. The city features a current total employment of over 1,400,000 individuals with a projected employment of over 2,100,000 by 2045. The median family income for the city exceeds $80,000. The city is also home to several large-scale corporations, including the American Airlines Group (40,600 employees), Lockheed Martin (22,950 employees), and many more. (fortworthtexas.gov)

Overall, 7 Brew | HTeaO provides a new investor the rare opportunity to acquire two single-tenant, absolute net leased assets in one of Fort Worth, Texas' strongest demographic and retail corridor. The subject property includes two brand new construction assets with the stability of long term leases, approximately one year into their ten-year initial terms, and features renewal options. The portfolio therefore allows a new investor the opportunity to enjoy stable, long-term cashflow, as well as the freedom to divest individual assets over time.