WSS Retail Property in Lake Worth Beach, FL

We are pleased to present a direct-to-owner investment opportunity featuring a WSS retail property in Lake Worth Beach, FL. This asset benefits from a brand-new 10-year lease starting May 2023 with WSS, a leading athletic footwear retailer under Footlocker, a NYSE-traded company with an S\&P credit rating of BB+. The lease includes 10% rental increases every five years, ensuring steady income growth.

The property consists of 11,200 square feet on a 1.68-acre lot, recently remodeled in 2023 to align with modern retail standards. Situated at a high-traffic intersection with over 68,500 vehicles daily, it sits opposite a top-tier shopping plaza and serves a densely populated area of more than 132,200 residents within three miles.

This double net (NN) lease is guaranteed by Eurostar, Inc., with 10 years remaining on the primary term and four additional 5-year extension options. Tenant termination rights apply only under specific sales thresholds, offering strong lease stability. The oversized parcel provides ample parking and operational flexibility, making this a solid investment with minimal landlord obligations.

Priced at \$5,950,000 with a 5.18% cap rate and a net operating income of \$308,400, this property is an attractive opportunity for investors seeking a reliable and growing income stream.

For more details or to discuss this exclusive offering, please contact us directly for a smooth and efficient transaction.