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    3569 Centre Dr Lake Worth, TX 76135

    Sponsored
    For Sale
    $6,434,665

    High-Cap Rate NNN Storefront

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 16,000-square-foot, two-story storefront in Lake Worth, Texas. Located at 3569 NW Centre Dr, 76135, this property sits on a 1.62-acre lot and boasts a 6.00% cap rate. Built in 2020, the building is currently 100% occupied by a single tenant, Harbor Freight Tools, under a Net Lease (NNN) agreement. The lease, with a corporate guarantee and investment-grade credit, extends until July 30, 2035, offering a remaining term of 10.7 years. Rent increases are built in, with a 10% bump every five years, ensuring consistent income growth. The property generates a substantial Net Operating Income (NOI) of $386,080 annually. This is a prime retail location in a growing Fort Worth suburb, offering minimal landlord responsibilities and significant long-term value. The tenant's strong financial performance and the property's excellent location make this a compelling investment opportunity in a thriving retail corridor. The property's strong financials, long-term lease, and built-in rent increases provide a stable and secure investment for years to come. This is a rare chance to acquire a high-quality, net-leased property with a well-established tenant in a desirable market.

    Property Features for 3569 Centre Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,000 SF
    Lot Size
    70,567 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    2

    HighLights

    • $6,434,665 asking price for a 16,000 SF retail storefront.
    • Net lease investment with a credit‑rated corporate guarantee from Harbor Freight Tools.
    • 10.7 years remaining on the lease, expiring 07/30/2035, with 10% rent bumps every 5 years.
    • 6.00% cap rate and $386,080 annual net operating income (NOI).
    • Located in Lake Worth, TX (Fort Worth area), on a 1.62‑acre lot, built in 2020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.429433171138
    Latitude
    32.80916843131

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    FAQs

    What type of property is this?
    Individual retail property - High-Cap Rate NNN Storefront
    Where is this individual retail property located?
    The property is located at 3569 Centre Dr Lake Worth, TX.
    What is the asking price?
    The asking price for this property is $6,434,665.
    What are key features of this property?
    This property features: $6,434,665 asking price for a 16,000 SF retail storefront.; Net lease investment with a credit-rated corporate guarantee from Harbor Freight Tools.; 10.7 years remaining on the lease, expiring 07/30/2035, with 10% rent bumps every 5 years.
    Request Owner's contact information
    3569 Centre Dr Lake Worth, TX 76135
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    Lake Worth, TX 76135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3569 Centre Dr Lake Worth, TX 76135
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