Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the...

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The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW LLC. The property is offered subject to errors, omissions, change in price and or terms, or removal from the market without notice. SALE PRICE NET OPERATING INCOME PROPERTY AREA 11,374 SF 2 nd Generaon Restaurant – Operated 36 Years as The Rig Steakhouse on 1.24 Acres. Iconic 75’+ Rig Signage Fronng I-35W with 133,000 VPD. Renovated in 2017 and includes Grease Trap, Four 8’ Ventahoods, 12’x20Walk-in Cooler, 12’x12Walk-in Freezer, 2 Ice Machines, 2 Fryers, 3 Gas Ranges, Pizza Oven, 26 TV s and More. Access and Visibility from Hardcorner of Altamesa Blvd and South Fwy with 102 Parking Space. Within 1 Mile of Six Hotels along I-35W and Across the Fwy from Alcon with more than 4,500 Employees. Investment Opportunity 6308 S Freeway | Forth Worth, TX 76134 Jeff Marek | 817-205-1245 | Jeff@VisionCommercial.com | VisionCommercial.com $1,600,000 CONTACT BROKER 1.24 Acres INVESTMENT OR OWNER-OCCUPANT

Transcript of Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the...

Page 1: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial RE DFW LLC. The property is offered subject to errors, omissions, change in price and or terms,

or removal from the market without notice.

SALE PRICE

NET OPERATING INCOME

PROPERTY AREA

11,374 SF 2nd Generation Restaurant – Operated 36 Years as The Rig Steakhouse on 1.24 Acres.

Iconic 75’+ Rig Signage Fronting I-35W with 133,000 VPD.

Renovated in 2017 and includes Grease Trap, Four 8’ Ventahoods, 12’x20’ Walk-in Cooler, 12’x12’ Walk-in Freezer, 2 Ice Machines, 2 Fryers, 3 Gas Ranges, Pizza Oven, 26 TV’s and More.

Access and Visibility from Hardcorner of Altamesa Blvd and South Fwy with 102 Parking Space.

Within 1 Mile of Six Hotels along I-35W and Across the Fwy from Alcon with more than 4,500 Employees.

Investment Opportunity 6308 S Freeway | Forth Worth, TX 76134

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

$1,600,000

CONTACT BROKER

1.24 Acres

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Page 2: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

Vision Commercial is pleased to present the opportunity to acquire 6308

S Freeway in Fort Worth, TX, a 11,374 SF 2nd generation restaurant

building. Prior to its current use, this second generation restaurant was

the home to The Rig Steak House for 36 years. The iconic 75'+ Rig signage

still remains on the property, providing fantastic visibility for the next

business. This property sits on I-35W and near I-20, with access and

visibility from Altamesa Blvd. 6308 S Freeway was entirely renovated in

2017. The property includes a grease trap, four 8’ ventahoods, 12’x20’

walk-in cooler, 12’x12’ walk-in freezer, 2 ice machines, 2 fryers, 3 gas

ranges, a pizza oven, 26 TV’s and more! 6308 S Freeway would be a great

fit for a restaurant or developer looking to take advantage of the great

visibility and high traffic along I-35W and Altamesa Blvd.

DEMOGRAPHICS* 1 MILE 2 MILE 3 MILE 5 MILE

Population 4,961 30,082 101,942 267,696

Employees 9,734 21,284 36,882 82,622

Average HH Income $64,668 $64,739 $64,574 $73,871

2019-2024 Annual Rate 2.32% 2.35% 2.38% 2.28%

Traffic Count 22,250 VPD at Altamesa Blvd & 133,000 VPD at I-35 *STDBonline.com 2019

OVERVIEW

6308 S Freeway Investment Opportunity

Page 3: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

6308 S Freeway Investment Opportunity

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

STOCKYARDS NATIONAL HISTORIC DISTRICT

Once home to cowboys, cattlemen and outlaws, today the Stockyards National Historic District is one of the most popular attractions in

Texas. Day and night, visitors come to the Stockyards to get a taste of the true American West. Begin your journey on Exchange Ave-

nue, where the weathered brick streets are lined with historic buildings, restaurants, shops, saloons and other attractions.

See The Fort Worth Herd, the world’s only twice-daily cattle drive, at 11:30 a.m and 4 p.m. See the bulls and broncs versus the cow-

boys at the weekly Stockyards Championship Rodeo. Take in a concert and two-step the night away at Billy Bob’s Texas, the

world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots,

hats and apparel at Stockyards Station, M.L. Leddy’s, Maverick Fine Western Wear and Fincher’s White Front Western Wear.

Dine on Texas-style cuisine at Lonesome Dove Western Bistro, Hunter Brothers’ H3 Ranch or Cattlemen’s Steak House. Treat the

CITY/AREA HIGHLIGHTS

NEAR SOUTHSIDE

Fort Worth’s most eclectic district has really come into its own in the last several years – and there’s no sign of it slowing down. This

casual, creative and close-knit community offers one of Fort Worth’s finest “restaurant rows,” distinctive live music venues, distilleries,

breweries, and plenty of artistic endeavors all within walking distance. The district is also referred to as “Magnolia” after one of its most

prominent streets.

Take part in the restaurant renaissance at dining spots like Ellerbe Fine Foods, Cane Rosso, Shinjuku Station and Spiral Diner, one

of the best vegan eateries anywhere. See great local, regional and national musicians at Main at South Side or Shipping & Receiving

Bar. Experience incredible live theater at Stage West and Amphibian Productions, or take a glass blowing class at SiNaCa Studios.

Order up some java or a cold beverage at the many pubs, sidewalk cafes and coffee shops along Magnolia Avenue, or try the crazy-

delicious craft ice cream at Melt Ice Creams where all ingredients are locally sourced. Discover how real cattle barons lived at the his-

WEST 7TH

Bridging downtown and the Fort Worth Cultural District, West 7th has quickly become one of the hottest entertainment scenes in the

city. A five-block urban village, this pedestrian-friendly area offers high-concept dining, local specialty fashion retailers and unique en-

tertainment venues.

Treat your taste buds at dining spots like Thirteen Pies, Terra Mediterranean Grill and Mash'd. Enjoy the latest movies in comfort

with classic American food at the Movie Tavern. Sample the many restaurants and major retailers at the nearby historic Montgomery

Information from FortWorth.com

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6308 S Freeway Investment Opportunity

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

Highland Hills Park

Herman E. Clark Stadium

AREA RETAIL/AMENITIES

Page 5: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

6308 S Freeway Investment Opportunity

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

SITE MAP

Entr

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Entrance

Entrance

Entr

ance

Page 6: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

6308 S Freeway Investment Opportunity

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com

N

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SURVEY

Page 7: Investment Opportunity - LoopNet · world’s largest honky-tonk Step into the past at the Stockyards Museum and Texas Cowboy Hall of Fame. Shop for authentic boots, hats and apparel

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and

advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

▪ that the owner will accept a price less than the written asking price; ▪ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ▪ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Vision Commercial RE DFW LLC 9006752 [email protected] 817-803-3287 Broker Firm Name License No. Email Phone

Roger Smeltzer, Jr. 560209 [email protected] 817-803-3287 Designated Broker of Firm License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

Information About Brokerage Services

Jeff Marek | 817-205-1245 | [email protected] | VisionCommercial.com