6500 Westworth BlvdWestworth Village, TX 76114

Property Details for 6500 Westworth Blvd

Lot size

4.27 AC

Property type

Land

Property subtype

Commercial land

APN

A-319---4H08---20

APU

A3194H0820

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $58,652,796

  Hospitality

  $53,725,644

  Educational

  $44,699,108

  Medical

  $46,236,376

  Retail

  $69,531,944

Location Insight

City

Westworth Village

County

Tarrant

State

Texas

Latitude

32.7561

Longitude

-97.4257

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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