Midwest Investment Firm Sells Retail Property Leased To Spec's Wines For $4.41 Million
106 Cleburne Avenue
$4,407,812
Building Size
—
Asset Type
Retail
Closing
Sep 11, 2026
About this deal
AI
A single-tenant retail property located at 106 Cleburne Avenue in Weatherford, TX was sold for $4,407,812. The asset is leased to Spec’s Wines, Spirits & Finer Foods. The property is subject to an NN lease with approximately nine years remaining, featuring 10% rent escalations every five years and two five-year renewal options.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,407,812
- Address: 106 Cleburne Avenue
- Market: Weatherford, TX
- Lease Type: NN lease
- Remaining Lease Term: Approximately nine years
- Rent Escalations: 10% every five years
- Renewal Options: Two five-year options
The transaction involved a Midwest-based investment firm as the seller and a private investor as the buyer. The deal was facilitated by brokers Randy Blankstein, Jimmy Goodman, and John Feeney from The Boulder Group.
On the Map
$4,407,812
Retail
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Players
Weatherford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.60%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93