6765 Lake Worth Blvd - Fast Food FOR SALE


Lake Worth, TX 76135
$2,800,000 USD
949-903-8099
6765 Lake Worth Blvd, Lake Worth, TX for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/9
null | 5.94% Cap Rate

6765 Lake Worth Blvd
Lake Worth, TX 76135


HIGHLIGHTS

  • 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Lake Worth Towne Crossing (431,000 SF) | Lake Worth Marketplace (219,000 SF) | Dense Retail Corridor
  • Lake Worth Blvd (42,900 VPD) | Interstate 820 (127,300 VPD) |Excellent Visibility & Access | Additional Adjacent Land Pand
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, freestanding, Chicken Express investment property located in Lake Worth, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma. Additional adjacent land parcel included in offering.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$851 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chicken Express | 15yr Abs NNN SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

Planned Commercial

APN/PARCEL ID

41462114

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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