3569 NW Centre Dr - Freestanding FOR SALE


Lake Worth, TX 76135
$6,434,665 USD
561-602-8390
3569 NW Centre Dr, Lake Worth, TX for Sale
$6,434,665 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

3569 NW Centre Dr
Lake Worth, TX 76135


HIGHLIGHTS

  • Corporate Guarantee
  • Long-Term Net Lease
  • Minimal Landlord Responsibilities
  • Growing Fort Worth Suburb
  • Strong Retail Corridor

OVERVIEW

Colliers is pleased to offer to qualified investors a retail investment opportunity in Forth Worth, Texas. The Property totals 16,000 SF on 1.62 acres built in 2020. The Property is located at 3569 NW Centre Dr, Lake Worth (Fort Worth), Texas 76135 and 100% leased to Harbor Freight Tools USA, Inc.. Harbor Freight Tools has over 10 years remaining on an NN lease offering 10% increases every 5 years. Harbor Freight Tools has an S&P credit rating of BB-/Stable and consistently reports revenues above $5 billion. The company employs over 20,000 people and operates over 1,000 locations in 48 states in 2020 Harbor Freight plans on opening 2 stores per week. The essential retailer sells many necessary home/automotive products, including generators, and all of their locations are currently open and operating.

FOR SALE DETAILS

PRICE

$6,434,665 USD

PRICE/SF

$403 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

F1

APN/PARCEL ID

42636106

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.