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Chick-fil-A NNN Ground Lease
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417 Northwest Parkway Street, Azle, TX 76020

Brand-new absolute NNN ground lease with scheduled rent increases begins July 2026.

Property SizeContact for details
Days on Market10

Property Features for 417 Northwest Parkway Street

General Information

Standard status Active
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Secure Net Lease
Listed By: Thomas House · License #826482
Source: Crexi
Added: Sep 8 Changed: Sep 11 Last Checked: Sep 16 at 2:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease

Investment Insights

Based on property information with market context.

This Chick-fil-A property is structured as a brand-new absolute NNN ground lease with a 15-year term beginning in July 2026. Contractual rent increases are set at 10%, providing a defined escalation schedule within the lease structure.

The property is located at 417 Northwest Parkway Street in Azle, Texas, along TX-199, which records 48,000 VPD. The site serves a five-mile trade area with median household income of $101,545 and is part of the Dallas–Fort Worth MSA, a region with more than 8.1 million residents.

Key Highlights

  • Brand‑new 15‑year absolute NNN ground lease
  • Rent commencement scheduled for July 2026
  • 10% rent increases included in the lease

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Law Firm Locksmith Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

197
Businesses Nearby

Demographics for 76020, TX

33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Brand-new absolute NNN ground lease with scheduled rent increases begins July 2026.
Where is this nnn property located?
The property is located at 417 Northwest Parkway Street Azle, TX.
What is the asking price?
The asking price for this property is $3,467,000.
What are key features of this property?
This property features: Brand‑new 15‑year absolute NNN ground lease; Rent commencement scheduled for July 2026; 10% rent increases included in the lease
(214) 522-7200 Call to check price and availability
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