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Spec's & Planet Fitness | 10 Yrs WALT 6704 Lake Worth Blvd 48,861 SF 100% Leased Retail Building Lake Worth, TX 76135 $9,670,000 ($197.91/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-Tenant Retail Opportunity | Options To Extend | 10 Years WALT
- Across Near Target Anchored Center | Dense Retail Corridor | Highly Trafficked Area | Frontage Visbility
- NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-building, multi-tenant retail investment opportunity in Lake Worth, Texas. The offering features a diverse lineup of tenants including Spec’s and Planet Fitness, which have approximately 10 years of weighted lease term remaining on their current leases. The leases are NNN in nature with landlord responsibilities limited to roof, structure, and CAM, making it an ideal, low management investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
48,861 SF
Year Built/Renovated
1996/2025
Price
$9,670,000
Price Per SF
$197.91
Cap Rate
6.35%
NOI
$614,054
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
5.24 AC
Zoning
HC - Highway Corridor District
Parking
358 Spaces (7.33 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06989012 | Improvements Assessment | $2,555,820 |
| Land Assessment | $1,144,180 | Total Assessment | $3,700,000 |
PROPERTY TAXES
Parcel Number
06989012
Land Assessment
$1,144,180
Improvements Assessment
$2,555,820
Total Assessment
$3,700,000
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Spec's & Planet Fitness | 10 Yrs WALT | 6704 Lake Worth Blvd
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