About 2512 Hemphill Street
This street-front, high-traffic property on Hemphill St. has new lighting, electrical, plumbing, paint, polished concrete floors, and landscaping. It’s offer at an above market CAP rate of 6.52% in a NNN lease with annual escalations and two 36-month renewals positions this building as a prime investment opportunity at $1.7M. This 8,100 SF building hosts two offices, a breakroom, two ADA compliant bathrooms, a reception, and a 6,377 SF supply area fed by 120 208V 3 phase power. One new 10-ton HVAC and gas hot water heater was installed early 2022 along with the other interior MEPs. The TPO roof is in good condition. The 12 car parking lot and 2 street spaces is deal for last mile services. This cash flowing property delivers a good balance of financial stability and ample opportunity to obtain a higher yield with the current tenant, DashMart, a subsidiary of DoorDash, Inc., who is of great creditworthiness.
Features of 2512 Hemphill Street
| MLS® # | 20705113 |
|---|---|
| Price | $1,700,000 |
| Bathrooms | 0.00 |
| Acres | 0.33 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 2512 Hemphill Street |
|---|---|
| Subdivision | Hodge C T Add |
| City | Fort Worth |
| County | Tarrant |
| State | TX |
| Zip Code | 76110-2703 |
Amenities
| Utilities | City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Sidewalk |
|---|---|
| Garages | Concrete, Direct Access, On Site, On Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Roof | Flat, Synthetic |
|---|---|
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Zoning | E - Neighborhood Commercial |
|---|
Listing Details
| Agent | Stephanie Bunn |
|---|---|
| Office | Century 21 Mike Bowman, Inc. |
| Office Contact | 817-354-7653 |