6708 Lk Worth Blvd Lake Worth, TX 76135-2902
- Outlet malls
- 48,444 SF
- 5.25 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 6708 Lk Worth Blvd
- Year built
- 1996
- Lot size
- 5.25 lot acres
- Property size
- 48,444 SF
- Property type
- Outlet malls
- APN
- 23241-1-1
- APU
- 2324111
Description
This exceptional 48,861 square foot shopping center in Lake Worth, Texas, presents a compelling investment opportunity. Anchored by Lowe's, Big Lots, and Spec's, this multi-tenant property boasts a strong 6.25% cap rate and a substantial NOI of $482,804. The property sits on a 6.12-acre lot and benefits from a 10-year net lease (NN+) with built-in rent bumps, ensuring consistent income growth. Renovated in 2022, the center enjoys excellent visibility and accessibility, with over 62,000 vehicles passing daily. Its prime location near major employers like Lockheed Martin and Naval Air Station Fort Worth, along with significant residential development and high-traffic retail centers, guarantees a robust customer base. The property's proximity to Interstate 820 and Fort Worth Meacham International Airport further enhances its strategic value. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Texas market with a strong demographic profile and projected income growth. The average household income within a five-mile radius is $92,797, and is projected to increase 12% by 2028. This property is ideally suited for a 1031 exchange. The asking price is $7,725,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,060,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4346
- Latitude
- 32.8146
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
