24-Hour Walgreens
6244 Lake Worth Boulevard, Lake Worth, TX 76135
For Sale
Contact for pricing
The single-tenant property has an absolute NNN lease with scheduled rent increases.
Property SizeContact for details
Days on Market33
Property Features for 6244 Lake Worth Boulevard
General Information
Standard status
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Faris Lee Investments
Listed By:
Shaun Riley · License CA #01165160
(714) 608-3416
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 10 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
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Investment Insights
Based on property information with market context.
At 6244 Lake Worth Boulevard, this single-tenant Walgreens operates around the clock. The property is leased on an absolute NNN basis, with 5% rent increases every five years during the initial term and option periods. The listing title cites a 1.14% rent-to-sales ratio; store sales rank in the top 11% of Walgreens locations nationwide, and customer visits rank in the top 7% nationally.
The site is at the junction of Interstate 820 and Lake Worth Boulevard, with reported exposure to 154,000 vehicles per day. Nearby retail anchors include Walmart Supercenter, Target, Home Depot, Lowe's, Hobby Lobby, and Albertsons. The nearest competing Walgreens is more than 4 miles away.
The site is at the junction of Interstate 820 and Lake Worth Boulevard, with reported exposure to 154,000 vehicles per day. Nearby retail anchors include Walmart Supercenter, Target, Home Depot, Lowe's, Hobby Lobby, and Albertsons. The nearest competing Walgreens is more than 4 miles away.
Key Highlights
- Absolute NNN lease with no landlord obligations
- 5% rent increases every five years during the initial term and option periods
- Store sales rank in the top 11% of Walgreens locations nationwide; customer visits rank in the top 7%
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
154,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76135, TX
22,009
Population
8,148
Households
2.7
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
860
Density / Sq Mi
$70,590
Median Household Income
$41,535
Median Earnings
$1,210
Median Rent
$250,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Artisan Vapor & Smoke Shop Lake Worth — 5932 Quebec St #190, Fort Worth, TX 76135
- Nucare Pharmacy — 6050 Lake Worth Blvd, Lake Worth, TX 76135
- Walgreens Pharmacy — 6244 Lake Worth Blvd, Lake Worth, TX 76135
- Maureena Sam — 6640 Lake Worth Blvd, Lake Worth, TX 761353000
- CVS Pharmacy — 6640 Lake Worth Blvd, Lake Worth, TX 76135
Frequently Asked Questions
What type of property is this?
Drug store - The single-tenant property has an absolute NNN lease with scheduled rent increases.
Where is this drug store located?
The property is located at 6244 Lake Worth Boulevard Lake Worth, TX.
What is the asking price?
The asking price for this property is $4,170,000.
What are key features of this property?
This property features: Absolute NNN lease with no landlord obligations; 5% rent increases every five years during the initial term and option periods; Store sales rank in the top 11% of Walgreens locations nationwide; customer visits rank in the top 7%
