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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24427324
24427325

6209 Azle Ave, Lake Worth, TX 76135

BP
TX TX 538293
DUWEST
GT
TX TX 836901
DUWEST
Listed by DUWEST
$2,900,000
337 days on market
Updated 10 days ago

Dairy Queen Lake Worth

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,200
Net Rentable (SqFt) 2,200
Cap Rate 5.60%
NOI $162,000
Tenancy Single
Brand/Tenant Dairy Queen
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Year Built 2023
Acreage 0.900

20 Year Absolute NNN Lease Adjacent to Lake Worth Towne Crossing

Marketing description

DuWest Realty Investment Services is pleased to present the opportunity to acquire Dairy Queen Lake Worth (“the Property”). The Property is defined by a prime location in the popular Fort Worth suburb of Lake Worth, Texas, with midblock access to Azle Avenue. Azle Avenue (16,773 VPD) is one of the community’s main traffic arteries, connecting Lake Worth Boulevard to Interstate 820. The 20-year absolute net lease will begin upon the close of escrow and benefits from embedded rent growth with 10% increases every 5 years. The Property presents a potential investor with the opportunity for long-term, stabilized cash flow from an internationally recognized brand.

The Property’s central location also places it in close proximity to the heavily trafficked Lake Worth Towne Crossing, which experienced 4.8 million visits in 2024 (Placer.ai). The surrounding neighborhood benefits from strong demographics, with a population of 173,424 & an average income of $99,978 in a five-mile radius. These figures are expected to continue their pattern of growth as the Property’s location is supported by the continuous expansion experienced across the Fort Worth Market.

The broader Fort Worth Market is expected to continue its current trend of rapid growth. As of July 1, 2024, Fort Worth’s population surpassed 1 million for the first time, propelling the city to the 11th largest in the United States. In 2024 Fort Worth had the 5th largest gain in population among all cities over 20,000 people, adding 23,442 people, or approximately 64 people per day. Driven by strong economic growth & an affordable cost of doing business, Fort Worth’s population is expected to reach 1.15 million by 2035.

Dairy Queen Lake Worth offers a compelling opportunity to acquire a long term, stable, cash flowing asset in a community well-positioned to support sustained growth.

Investment highlights

  • 20-Year absolute NNN lease

  • Prime location in a strong retail corridor

  • Direct access to the broader Fort Worth Market

  • Strong Sales

Listing Contacts

BP
TX TX 538293
DUWEST
GT
TX TX 836901
DUWEST
Listed by DUWEST

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,000.00
$13,500.00/mo

Valuation Metrics

0
DSCR
5.59%
Cap Rate
5.59%
ROI

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Additional Information

Name
Bill Pyle
License
TX 538293
Name
Griffin Till
License
TX 836901
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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