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Chicken Express - Lake Worth, TX 6765 Lake Worth Blvd 3,290 SF Retail Building Lake Worth, TX 76135 $3,857,280 CAD ($1,172.43 CAD/SF) 6% Cap Rate
Investment Highlights
- New 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income.
- Operated by Brohon, Inc., an experienced Chicken Express franchisee with more than 23 years of operating history within the brand.
- Lockheed Martin's Fort Worth F-35 production facility, located ~5 miles from the property, employs ~19,000 people.
- Structured rent escalations of 10% every 5 years ensure strong long-term income growth.
- The location has operated continuously as a Chicken Express under the same franchisee organization since 200.
- ~147,330 residents and 50,100+ households are located within 5 miles of the property. The 5-mile population is projected to reach ~158,500 by 2030.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 3,290 SF Chicken Express located at 6765 Lake Worth Boulevard in Lake Worth, TX. The offering features a new 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income. 10% rent escalations every 5 years further support long-term income growth, making this a compelling investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,290 SF
Building Class
C
Year Built
2009
Price
$3,857,280 CAD
Price Per SF
$1,172.43 CAD
Cap Rate
6%
NOI
$231,437 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.95 AC
Zoning
Planned Commercial - Planned Commercial
Parking
54 Spaces (16.41 Spaces per 1,000 SF Leased)
Frontage
176’ on Lake Worth Blvd
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chicken Express
- Accommodation and Food Services
- 3,290 SF
- $70.34 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chicken Express | Accommodation and Food Services | 3,290 SF | $70.34 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41462114 | Improvements Assessment | $1,223,146 CAD |
| Land Assessment | $571,335 CAD | Total Assessment | $1,794,481 CAD |
Property Taxes
Parcel Number
41462114
Land Assessment
$571,335 CAD
Improvements Assessment
$1,223,146 CAD
Total Assessment
$1,794,481 CAD
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Chicken Express - Lake Worth, TX | 6765 Lake Worth Blvd
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