3569 Centre DrLake Worth, TX 76135

Property Details for 3569 Centre Dr

Year built

2020

Lot size

1.65 AC

Property size (Sq ft)

15,965 SF

Property type

Retail space

APN

31256L-13-2

APU

31256L132

Description

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.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8094

Longitude

-97.4294

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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