Updated Oct 29, 2024
Greenstar Development Holdings II Leases Retail Space To Ellen's Restaurant At 601 S. Main Street, Fort Worth
601 S Main St, Fort Worth, Tx 76104, Usa
Building Size
5,612 SF
Asset Type
Retail
Closing
Jul 1, 2020
About this deal
AI
The retail property located at 601 S. Main Street in Fort Worth has been leased. The property spans across 5,612 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Ellen’s Restaurant
- Landlord: Greenstar Development Holdings II – Michael Polombo
- Tenant’s Representative: Andy Anderson – Restaurant Properties Group
- Landlord’s Representative: Sarah LanCarte – LanCarte Commercial Real Estate
- Address: 601 S. Main Street
- Market: Fort Worth
- Square Footage: 5,612
Ellen’s Restaurant has leased the retail space, with Greenstar Development Holdings II represented by Michael Polombo acting as the landlord. The tenant was represented by Andy Anderson from Restaurant Properties Group, while Sarah LanCarte from LanCarte Commercial Real Estate served as the landlord's representative.
Players
Fort Worth Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93