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601 S Main St, Fort Worth, ...

Updated Oct 29, 2024

Greenstar Development Holdings II Leases Retail Space To Ellen's Restaurant At 601 S. Main Street, Fort Worth
LEASEDRetail

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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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

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