TREK Investment Group Sells Varsity Tavern in Fort Worth, TX
TREK Investment Group is pleased to announce the sale of Varsity Tavern in Fort Worth, TX. Parker Carroll, CCIM and Connally Waight represented both the seller in the disposition, as well as the buyer in the acquisition of the 10,126 square foot bar offering 4+ years remaining on the original 11-year NNN lease with a scheduled rent increase in 2023. Strategically located in the center of Fort Worth’s thriving “Urban Village” district, Varsity Tavern is the city’s largest rooftop bar. This property is located in an affluent demographic with a population of 277,320+ in a 5 mile radius and an average household incoming of $111,600+ in a 1 mile radius.
Who We Are and What We Do
TREK Investment Group is a commercial real estate investment brokerage firm specializing exclusively in leased investments and shopping center sales throughout the United States. Their unique, highly specialized, “Navy SEAL” team approach combines cutting edge technology with 40 years of real estate experience to help their clients reach their investment objectives. TREK is a highly effective, strategic team comprised of the best professionals in the industry.
Whether it’s the purchase of your first investment property or the disposition of your entire portfolio, TREK Investment Group will implement a proven strategy tailored to your specific needs. The real estate market is a complex, ever-changing environment and they are committed to being your trusted advisor and one-stop resource for leased investments and shopping center sales.
From the Desk of Parker Carroll, Principal Broker & CEO
“As an industry leader in leased investments and shopping center sales, our team is dedicated to serving our clients,” says Parker Carroll, Principal Broker and CEO. “Our platform combines the most experienced professionals in the industry with innovative technology and analytics to help our clients achieve their investment objectives. Our company is established around 4 key principles; integrity, experience, results and our commitment to being your trusted advisor.”
What Our Clients Are Saying
“Through all the transactions I have had with Parker and the TREK team, they made me feel like the Ford Motor Company at the 1966 LeMans. At every bank and turn, the team was there making sure that we were firing on all cylinders and coursing the track like a train on rails. At multiple points, it seemed the road was too tight to navigate, but Parker, Barry, and Connally were there, and amazingly when they crossed the finish line at places 1, 2, and 3, no other real estate agents could even finish the race. Parker and the gang go above and beyond for every client. I wholeheartedly recommend Trek.”
– Dr. Timothy Khater
“I would highly recommend Parker Carroll and the TREK Investment Group team. They are extremely knowledgeable and experienced in all aspects of Commercial Real Estate. In addition, these professionals care about their clients and how they are treated. They maintained vigilance and walked us through every step of the transactions. The TREK team has helped me sell two early childhood education centers and I will use them to sell many more! They helped me streamline the process and execute the vision. We are so pleased we chose TREK to work with our company!”
– Fabrizio Spinelli
“I have worked with Parker Carroll and the TREK team for many years on various deals amounting to several million dollars. I cherish his friendship, guidance and integrity. They show absolute professionalism and I have found that they always go above and beyond to exceed my expectations. I would be pleased to recommend TREK to anyone looking for a CRE advisor.”
– Joe Stettheimer
“TREK Investment Group produced outstanding results for us in selling a $1 million multi-tenant pad building in Lubbock, TX. The team’s timeliness and responsiveness is most impressive and therefore one can feel confident that TREK has the same sense of urgency that their clients have. Unlike many brokers who disappear after a property goes under contract and show up for the closing, TREK’s team managed the process very well, overcame issues and obstacles with the most professional attitude, and pushed the deal to close. TREK’s entire team is also of great character and integrity, I always felt that they had my best interest in mind and NEVER felt pressured to make a decision on issues. Their guidance, advice, and steady hand was much appreciated. I wish all broker teams performed at TREK’s level. I highly recommend TREK.”
– Ray Bayat
About TREK Investment Group
TREK Investment Group has a proven track record exceeding $1 Billion in closed transactions and over 40 years of commercial real estate experience. Their firm exists to guide clients along the path to successful investment opportunities. They want to earn your business; don’t just hire another broker- partner with TREK for long-term investment success.
To learn more about TREK Investment Group, please visit www.trekig.com. Follow them on social media Facebook, LinkedIn, and Twitter.
Parker Carroll, Broker/CEO
Chris Matlock, Chief Operating Officer
Barry Forrest, Director of Transactions
Connally Waight, Senior Associate
Brittany Newton, Project Coordinator
Becky Forrest, Commercial Administrator