3569 Ctr Dr Fort Worth, TX 76135-3613
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.
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Harbor Freight Tools Building Supply Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.