Lake Worth, TX - Action Behavior Centers

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN-leased, Action Behavior Centers investment property located in Lake Worth, Texas. The tenant, Action Behavior Centers, recently signed a 7-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The Action Behavior Centers property is located near the signalized, hard-corner intersection of Lake Worth Blvd and Boat Club Rd which combine to average 70,500 vehicles passing by daily. Lake Worth Blvd is the major retail thoroughfare serving the city of Lake Worth. The subject property is located next to Lake Worth Center, an Albertsons anchored center with other tenants including Dollar Tree, GameStop, Wendy’s, Wingstop, Jack in the Box, and more. In addition, the asset is also located near Lake Worth Towne Crossing, a Target and Hobby Lobby anchored center with other national/credit tenants including Ross, PetSmart, Ulta, Chick-fil-A, Chili’s, Firestone, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Home Depot, Lowe’s, Planet Fitness, McDonald’s, In-N-Out, Chipotle, Panera, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Lake Worth High School, which has a student population of over 950. The 5-mile trade area is supported by a population of over 182,100 residents and 47,100 employees and has an average household income of $113,045.

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Listing ID: a28TP000003H14PYAS