6765 Lake Worth BlvdLake Worth, TX 76135

This exceptional investment opportunity presents the fee simple ownership of a freestanding Chicken Express restaurant in Lake Worth, Texas. The 3,290 square foot building, constructed in 2009, sits on a 1.2-acre lot with 54 parking spaces and enjoys 100% occupancy. The property benefits from a new 15-year absolute NNN sale-leaseback with three 5-year renewal options, featuring 10% rent increases every five years, ensuring consistent NOI growth. The strong tenant, a Chicken Express franchisee, operates within a high-traffic area, boasting excellent visibility on Lake Worth Blvd (42,900 VPD) with convenient access to Interstate 820 (127,300 VPD). The property's strategic location is further enhanced by its proximity to major retail centers like Lake Worth Towne Crossing (431,000 SF) and Lake Worth Marketplace (219,000 SF), as well as numerous national retailers. The surrounding area demonstrates robust demographics, with a 5-mile trade area population exceeding 155,700 and an average household income of $101,641. The property's current NOI is $166,303, resulting in a 5.94% cap rate. The asking price is $2,800,000 ($851.06/sq ft). An additional adjacent land parcel is included. The property is zoned for Planned Commercial use and has APN 4139A-1-A & 4139A-1-B.