Two-Building Multi-Tenant Shopping
For Sale
Contact for pricing
6708 Lk Worth Blvd, Lake Worth, TX 76135
Two-building shopping center featuring NNN leases with Spec's and Planet Fitness and approximately 10 years weighted term.
Property Size48,861 SF
Price / SF$192.38
Days on Market136
Property Features for 6708 Lk Worth Blvd
General Information
Standard status
Active
Size
48,861 SF
Property subtype
RETAIL
Additional Details
Anchor Co-Tenants
Spec's, Planet Fitness
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1116
Listed By:
Matthew Mousavi · License #CA 01732226
(949) 698-1116
Source:
Moodyscre
Added: Mar 17
Changed: Jul 30
Last Checked: Jul 30 at 6:46AM
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 SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest (land and building ownership) in a two-building, multi-tenant retail investment in Lake Worth, Texas. The property totals 48,861 SF and is configured as a shopping center with two separate buildings.
The tenant roster includes Spec’s and Planet Fitness. The current leases are described as NNN in nature, with landlord responsibilities limited to roof, structure, and CAM. The weighted lease term remaining is approximately 10 years, supporting a low-management investment profile.
The offering combines multiple tenants within a compact, two-building retail format, with the lease structure designed to limit landlord obligations to the roof and structural components and CAM responsibilities.
The tenant roster includes Spec’s and Planet Fitness. The current leases are described as NNN in nature, with landlord responsibilities limited to roof, structure, and CAM. The weighted lease term remaining is approximately 10 years, supporting a low-management investment profile.
The offering combines multiple tenants within a compact, two-building retail format, with the lease structure designed to limit landlord obligations to the roof and structural components and CAM responsibilities.
Key Highlights
- Two‑building, multi‑tenant shopping center totaling 48,861 SF
- Fee simple interest includes land and building ownership
- Tenants include Spec’s and Planet Fitness
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.22M | $24.96 |
| − Vacancy | −$61.0k | −$1.25 |
| EGI | $1.16M | $23.71 |
| − OpEx | −$347.6k | −$7.11 |
| NOI | $811.0k | $16.60 |
48,861 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.59M
$10.14M – $13.52M
NOI $811,014 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.19M
$15.04M – $20.05M
NOI $1,203,153 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
559
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building shopping center featuring NNN leases with Spec's and Planet Fitness and approximately 10 years weighted term.
Where is this shopping center located?
The property is located at 6708 Lk Worth Blvd Lake Worth, TX.
What is the asking price?
The asking price for this property is $9,400,000.
What are key features of this property?
This property features: Two‑building, multi‑tenant shopping center totaling 48,861 SF; Fee simple interest includes land and building ownership; Tenants include Spec’s and Planet Fitness
