6708 Lake Worth Blvd, Fort Worth, TX 76135
48,861 SF | 22% Leased | Retail Building | Fort Worth, TX 76135 | $8,005,000 ($164/SF) | 6.25% Cap Rate
For Sale
Active
5 pictures
Asking Price $8,005,000
- Property Type
-
Retail
- Square Feet
- 48,861 SF
- Price / Square Foot
- $164
Listing Contacts
Vincent Aicale
Jack Hinson
Ryan Forsyth
Michael Yuras
Scott Crowle
Property Overview
Excellent visibility and access to 62,824 vehicles per day directly in front of the property on Lake Worth Boulevard, and Azle Avenue, and Firehall Drive, with cross-access also from Telephone Road. Prominently located near highly trafficked retail centers with major tenants in the surrounding area such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Albertsons, Best Buy, CVS Pharmacy, Wells Fargo, Bank of America, Chick-fil-A, In-N-Out Burger, McDonald’s, and many others.
Less than two miles from Interstate 820/Jim Wright Freeway, which experiences a traffic count of 72,000 vehicles per day. The location is a gateway to two major Texas cities: Fort Worth (956,709 residents) and Dallas (the third-most populous city in Texas, 1.3 million residents). The site maintains beneficial proximity to Fort Worth Meacham International Airport (928 employees) and Dallas Fort Worth International (63.4 million travelers, 37 billion in economic impact on North Texas Region).
The property is in a prime location with a strong customer base in the growing Fort Worth suburb. The site resides near major area employers including Lockheed Martin Corporation (16,900 employees) and Naval Air Station Fort Worth Joint Reserve Base (11,300 employees).
Minutes from several well-attended schools, including Tarrant County College - Northwest Campus (10,468 students), Lake Worth High School (2,413 students), Brewer High School (1,956 students), and numerous others, increasing traffic to the area.
Situated near dense single and multi-family developments including Reserve at Quebec (296 units) and Wildwood Branch (280 units), located less than two miles from the site. The area has strong demographics, with 159,402 residents living within a five-mile radius (21% growth since 2010), which provides a consistent customer base for the property. The average household income is $92,797 within five miles and is projected to increase 12% by 2028, poising the site and Lake Worth for steady concurrent growth.
Less than two miles from Interstate 820/Jim Wright Freeway, which experiences a traffic count of 72,000 vehicles per day. The location is a gateway to two major Texas cities: Fort Worth (956,709 residents) and Dallas (the third-most populous city in Texas, 1.3 million residents). The site maintains beneficial proximity to Fort Worth Meacham International Airport (928 employees) and Dallas Fort Worth International (63.4 million travelers, 37 billion in economic impact on North Texas Region).
The property is in a prime location with a strong customer base in the growing Fort Worth suburb. The site resides near major area employers including Lockheed Martin Corporation (16,900 employees) and Naval Air Station Fort Worth Joint Reserve Base (11,300 employees).
Minutes from several well-attended schools, including Tarrant County College - Northwest Campus (10,468 students), Lake Worth High School (2,413 students), Brewer High School (1,956 students), and numerous others, increasing traffic to the area.
Situated near dense single and multi-family developments including Reserve at Quebec (296 units) and Wildwood Branch (280 units), located less than two miles from the site. The area has strong demographics, with 159,402 residents living within a five-mile radius (21% growth since 2010), which provides a consistent customer base for the property. The average household income is $92,797 within five miles and is projected to increase 12% by 2028, poising the site and Lake Worth for steady concurrent growth.
Property Details
- Class
- C
- Year Built
- 1996
- Stories
- 1
- Property Subtype
- Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 256,133 SF
Highlights
- 10-year net leases to growing national tenant Big Lots (NYSE: “BIG”) and regional tenant Spec’s
- Scheduled rental increases in initial term and option periods
- Big Lots is ranked 449th in the Fortune 500 in 2020
- Big Lots is growing with plans to open 50+ stores in 2022, and 80+ per year afterwards
- Specs Family Partners’ annual revenues are over $500 million and has over 1,000 employees
All available spaces
- Space
- 1st Fl-Ste Pad Site
- Size
- 38,160 SF
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