FCA Leases Retail Space On Monahans Avenue In Fort Worth By Larry Leon
5188 Monahans Avenue, Fort Worth, T...
Building Size
30,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property at 5188 Monahans Avenue, Fort Worth, is set to welcome Pinstripes, a Chicago-based food and entertainment concept. The 30,000-square-foot space will house a two-story bowling alley and restaurant, featuring 12 bowling lanes, six bocce ball courts, and private event space. This new establishment will be located within The Shops at Clearfork on the southwestern side of Fort Worth.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Asset Type: Retail
- Tenant's Rep: Larry Leon (Venture Commercial)
- Landlord: FCA
- Square Feet: 30,000
Larry Leon from Venture Commercial played a crucial role in representing Pinstripes during the lease negotiations for their newest location in Fort Worth, Texas. This upcoming venue will mark Pinstripes' ninth establishment in the country and their first entry into the Texas market.
On the Map
Retail
View full map
Players
Fort Worth Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas retail leases on Traded.
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