Investment Opportunity: WSS Retail Property in Lake Worth Beach, FL

We are excited to offer a direct-to-owner investment opportunity for a WSS property in Lake Worth Beach, FL. This prime investment features a brand-new 10-year lease with WSS, a leader in athletic specialty footwear retail, starting in May 2023. The property promises significant growth potential with 10% rental increases every 5 years.

Property Overview:

• Building Size: 11,200 SF
• Land Size: 1.68 AC
• Year Built/Remodeled: 2000/2023
• List Price: $5,950,000
• CAP Rate: 5.18%
• Net Operating Income: $308,400

Investment Highlights:

• Strong Tenant Profile: WSS, part of the NYSE-traded parent company Footlocker, holds an S&P credit rating of BB+.
• Prime Location: Located across from a top-ranking plaza in Florida, at a bustling intersection with over 68,500 vehicles per day.
• High-Density Area: Over 132,200 residents within a 3-mile radius.
• Ample Space: Oversized 1.68-acre parcel with extensive parking facilities.
• Modernized Interior: Recently updated to reflect contemporary retail trends.

Lease Summary:

• Guarantor: Eurostar, Inc.
• Lease Type: Double Net (NN)
• Remaining Primary Term: 10 Years
• Extension Options: Four 5-Year Options
• Tenant's Termination Rights: Subject to specific sales thresholds.

This Lake Worth Beach WSS location offers a compelling investment with a stable return profile and minimal landlord responsibilities. It combines a robust tenant covenant, increasing rental income, and a strategic location for investors seeking a reliable and growing income stream.

Interested parties are encouraged to contact us for more information and to discuss this exclusive opportunity. Direct contact with the owner ensures a seamless and efficient transaction process.