Retail Space
108 West Harwood Road Hurst, TX 76054
Details & Description
Price: $2,000,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, personally guaranteed, freestanding, Kwik Kar Tune and Lube investment property located in Hurst, Texas (Dallas-Fort Worth MSA). The tenant will sign a brand new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.The subject property is strategically located near the signalized, hard corner intersection of Harwood Road and Norwood Drive, averaging a combined 59,400 vehicles passing by daily. The property is equipped with a large monument sign, creating excellent visibility along both cross-streets. The site benefits from nearby direct on/off ramp access to State Highway 121 & 183 (181,700 VPD), a major commuter thoroughfare traveling through Hurst and into the heart of Downtown Dallas. In addition, the asset is within close proximity to Walmart Supercenter, Lowe’s Home Improvement, and Target, three premium, big-box tenants that increase consumer draw to the immediate trade area and promote crossover store exposure for the site. Other nearby national/credit tenants include The Home Depot, Kohl’s, Macy’s, Walgreens, T.J. Maxx, Dillard’s, and more, further increasing consumer traffic to the immediate area. Moreover, the property is surrounded by several apartment complexes including Station 121 at Towncenter (580 units), Whispering Oaks (104 units), and 8500 Harwood (835 units), providing a direct consumer base from which to draw. The 5-mile trade area is supported by nearly 262,000 residents and 106,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $110,000.
    Listing Agents
    Matthew Mousavi

    O: 949-698-1116
    M: 714-404-8849
    matthew.mousavi@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    108 West Harwood Road

    Hurst, TX 76054

    Kwik Kar Tune and Lube

    Listing ID: 255355
    • 108 West Harwood Road Hurst, TX 76054 | for Sale | Photo 1
    • 108 West Harwood Road Hurst, TX 76054 | for Sale | Photo 2
    • 108 West Harwood Road Hurst, TX 76054 | for Sale | Photo 3
    108 West Harwood Road | for Sale | Thumbnail 1
    108 West Harwood Road | for Sale | Thumbnail 2
    108 West Harwood Road | for Sale | Thumbnail 3
    Building Size: 3,696 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $541.13
    Land $/SF:
    Price
    $2,000,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, personally guaranteed, freestanding, Kwik Kar Tune and Lube investment property located in Hurst, Texas (Dallas-Fort Worth MSA). The tenant will sign a brand new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

    The subject property is strategically located near the signalized, hard corner intersection of Harwood Road and Norwood Drive, averaging a combined 59,400 vehicles passing by daily. The property is equipped with a large monument sign, creating excellent visibility along both cross-streets. The site benefits from nearby direct on/off ramp access to State Highway 121 & 183 (181,700 VPD), a major commuter thoroughfare traveling through Hurst and into the heart of Downtown Dallas. In addition, the asset is within close proximity to Walmart Supercenter, Lowe’s Home Improvement, and Target, three premium, big-box tenants that increase consumer draw to the immediate trade area and promote crossover store exposure for the site. Other nearby national/credit tenants include The Home Depot, Kohl’s, Macy’s, Walgreens, T.J. Maxx, Dillard’s, and more, further increasing consumer traffic to the immediate area. Moreover, the property is surrounded by several apartment complexes including Station 121 at Towncenter (580 units), Whispering Oaks (104 units), and 8500 Harwood (835 units), providing a direct consumer base from which to draw. The 5-mile trade area is supported by nearly 262,000 residents and 106,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $110,000.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Arlington History of Retail Space for Sale

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    Hurst Area Market Trends

    Listing Demographics for 108 West Harwood Road Hurst, TX 76054

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population9,282116,459259,402
    Population Median Age443939
    Population by Age0-9 Yrs968 (10%)15192 (13%)33297 (12%)
    10-19 Yrs1016 (10%)14118 (12%)33065 (12%)
    20-29 Yrs770 (8%)15533 (13%)32438 (12%)
    30-39 Yrs1215 (13%)15401 (13%)34327 (13%)
    40-49 Yrs982 (10%)14540 (12%)33630 (12%)
    50-59 Yrs1270 (13%)14879 (12%)36610 (14%)
    60-69 Yrs1462 (15%)13925 (11%)31401 (12%)
    70+ Yrs1600 (17%)12871 (11%)24634 (9%)
    Median HH Income$94,980$68,108$78,117
    Total Household Income< 24K342 (9%)5423 (12%)9832 (10%)
    25-49K539 (14%)10489 (23%)18893 (19%)
    50-74K574 (15%)8608 (19%)17386 (18%)
    75-99K447 (12%)5556 (12%)13057 (13%)
    100-199K1404 (38%)11054 (24%)26055 (27%)
    200K+319 (8%)3476 (7%)10257 (10%)
    Highest Education LevelNo Diploma359639313764
    Diploma or GED13991731936781
    Some College16892069343621
    Assoc. Degree566779915832
    Bachelors Degree20011931546337
    Higher Degree957871721987
    Total Housing Units3,70047,434100,758
    --Owner-Occupied2,94326,10763,174
    --Renter-Occupied68218,49832,306
    Owner-Occupied Values< 100K7421144849
    100-199K942938521734
    200-299K1228767516482
    300-399K40236308209
    400-499K16818725218
    500K+12914316682
    Total Working Age Population7,55591,673204,414
    In Work Force4,77162,007141,019
    Not In Work Force2,78329,66663,395
    Workforce Employed4,62659,547135,063
    Workforce Unemployed1452,4525,887
    Civlian Workforce4,77161,998140,950
    Military Workforce0969
    Total Households3,62544,60595,479
    Family Households2,57729,77667,844
    Non-Family Households1,04714,83027,636
    Married Couple2,23221,79351,834
    Other Family3457,98216,009
    Married w/Child6558,14120,727
    Single Male w/Child349632,064
    Single Female w/Child1193,7476,522

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Tarrant County1,446,219+251,809,034+192,143,755+172,507,170

    Total Working Age Population:

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    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 108 West Harwood Road in Hurst?
    The asking price for 108 West Harwood Road is $2,000,000
    What is the building size of this Retail property in Hurst, TX?
    The size of the building/unit at 108 West Harwood Road in Hurst is 3,696 square feet
    What kind of Retail is the propery at 108 West Harwood Road?
    The property at 108 West Harwood Road Hurst, TX 76054 is listed as a Vehicle Sales/Service Retail property
    What is the population within 1 mile of 108 West Harwood Road in Hurst?
    The population within 1 mile of 108 West Harwood Road Hurst, TX 76054 is 9,282 people.
    Who do I contact for questions about 108 West Harwood Road?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Dallas Fort Worth International Airport (DFW) 8
    Dallas Love Field (DAL) 19
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 110