For Sale
$10,435,000

6500 Westworth BlvdWestworth Village, TX 76114

Westworth Village, TX: Prime LA Fitness investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 45,000 square foot, Class A, single-tenant LA Fitness shopping center in Westworth Village, Texas. Located at 6500 Westworth Blvd, 76114, this property boasts a 100% occupancy rate with a credit-rated tenant under an absolute NNN lease. The 15-year lease, commencing January 1, 2008, includes three 5-year options, with rent bumps every five years, capped at the lesser of CPI or 8%. The property sits on a 4.13-acre lot and features a strong NOI of $600,000, yielding a 5.75% cap rate at an asking price of $10,435,000 ($231/sq ft). The property benefits from its location in a primary commercial node, surrounded by major retailers like Target and Walmart, numerous restaurants, and several recently constructed high-density apartment complexes. Its proximity to Lockheed Martin Corp and the Naval Air Station Joint Reserve Base, along with its convenient access to the Dallas-Fort Worth International Airport, further enhances its investment appeal. The high-income demographic in the immediate area, averaging over $144,000 annual household income, contributes to the property's strong performance and future potential. This sale-leaseback transaction offers a secure, passive income stream with significant upside potential in a rapidly growing market with no state income tax. The property's strong location and tenant history make it a compelling investment opportunity.

Highlights

  • Exclusive LA Fitness sale-leaseback opportunity in Fort Worth, TX.
  • Signalized access via high-traffic Westworth Blvd (30,721 CPD).
  • Densely populated area: ~230,000 residents within a 5-mile radius, high average household income.
  • Prime commercial location near major retailers and restaurants, adjacent to affluent neighborhoods and Shady Oaks Country Club.
  • Surrounded by numerous new, high-density multifamily developments.

Property Details for 6500 Westworth Blvd

Property type
Lifestyle centers, Power centers
Square Feet
45,000 SF
Class
A
Year Built
2008
Buildings
1
Lot Size (sq. ft)
179,903 SF
Units
1

Location Insight

City
Westworth Village
County
Tarrant
State
Texas
Latitude
32.758651
Longitude
-97.4269607
6500 Westworth Blvd, Westworth Village, Texas

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6500 Westworth Blvd
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