6209 Azle Ave - Retail FOR SALE


Lake Worth, TX 76135
$2,836,364 USD
214-392-3787
6209 Azle Ave, Lake Worth, TX for Sale
$2,836,364 USD
Retail - FOR SALE
1/3
null | 5.5% Cap Rate

6209 Azle Ave
Lake Worth, TX 76135


HIGHLIGHTS

  • 20- year sale-leaseback at close of escrow
  • Absolute net lease – zero landlord responsibilities
  • Sole Dairy Queen location in the City of Lake Worth
  • Projected household incomes within a 5-mile radius to exceed $108,000 by 2029
  • Adjacent to Lake Worth Towne Crossing; which experienced 4.7M visits in 2024
  • Strong tenant – DQ is nationally recognized and operates 7,500+ stores worldwide

OVERVIEW

Dairy Queen (the “Property”) is a 2,200 square foot free standing restaurant located in the DFW suburb of Lake Worth, TX. The Property has a prime location, on the fringe of a residential neighborhood, that offers mid-block access to Azle Avenue. Azle Avenue is a main traffic artery that runs east/west through Lake Worth and connects Lake Worth Blvd to Interstate 820. The term of the Property’s lease will begin at close of escrow and continue for 20 years with 2 additional 5-year renewal options with 10% annual bumps in rent every 60 months. The Property offers an excellent opportunity for a long-term, stabilized cash flow from a nationally recognized company in one of the fastest growing metropolitan areas in the United States.

FOR SALE DETAILS

PRICE

$2,836,364 USD

PRICE/SF

$1,289 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.