Fort Worth, TX - Chase & Starbucks
$5,436,000
6543 Lake Worth Blvd, Fort Worth, TX 76135
6
Cap Rate
326,151
NOI
Details:
Description:
SRS Multi-Tenant Investments pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, multi-tenant retail building investment property located in Fort Worth, Texas. The offering features a strong, e-commerce resistant tenant lineup of Starbucks and Chase Bank. Both tenants recently exercised a 5 year option to extend, with future 5-year options remaining, demonstrating commitment to the site. The leases are signed by their respective corporate entities, Starbucks Corporation (S&P: BBB+) and JPMorgan Chase Bank N.A. (S&P: AA-). The tenants operate under NNN leases, limiting expense leakage for a future investor.
The asset is located in front of the major signalized intersection of State Highway 199 & Charbonneau Street, averaging over 42,900 vehicles per day. The property benefits from its close proximity to the on/off ramps to Interstate 820 (104,100 VPD). The building features a 5-lane drive-thru catering to both Starbucks and Chase Bank customers. On average, stores with drive-thrus experience higher sales than those without them. It is situated directly across from the high-performing Lake Worth Towne Crossing, a heavily trafficked community shopping center that draws over 5.1 million visitors per year (according to Placer.ai). The 255,000 SF center includes notable tenants such as Target, Hobby Lobby, Ross Dress for Less, Conn’s, Pet Smart, and Chick-fil-A. Other nearby national/credit tenants include Walmart Supercenter (2.9 million annual visitors – Placer.ai), Albertsons, The Home Depot, Lowe’s Home Improvement, Best Buy, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The property is conveniently located adjacent to the Reserve at Quebec (296 units), Wildwood Branch (280 units), Ascent Lake Worth (265 units), Lakeview (260 units), Summit on the Lake (198 units), and Shady Oaks Manor (138 units), providing a direct residential base to draw from. The 5-mile trade area is supported by a population of over 167,500 residents and 50,200 employees, with an affluent average household income of $103,618.
Location
Gallery
