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Property summary
This exceptional investment opportunity presents a fee-simple, single-tenant Albertsons grocery store located at 480 NW Pkwy St, Azle, TX 76020. The property boasts 54,292 square feet on a 7.17-acre lot, built in 1998. It features a strong 5.50% cap rate and a pro-forma cap rate of 5.54%, with a pro-forma NOI of $442,804. The property benefits from a long-term NNN lease with a corporate guarantee, expiring June 30, 2039, offering 15.3 years of remaining lease term and three, five-year… renewal options, including 7.5% rental increases every five years. The location is prime, situated along a major highway near the DFW MSA, with high visibility and accessibility, seeing over 25,000 vehicles daily at a signalized hard corner intersection. Azle is experiencing significant population growth and boasts a strong local economy, with an average household income within a 5-mile radius of $102,257. The property is surrounded by a robust trade area including national tenants such as Walmart, Walgreens, and numerous restaurants. The nearby Eagle Mountain Lake provides additional recreational draw to the area. Over 30,000 residents live within a 5-mile radius, and 110,000 within 10 miles, ensuring consistent customer traffic. The city's Façade and Signage Improvement Program further enhances the property's appeal. This Albertsons location offers a stable cash flow, long-term growth potential, and an attractive assumable loan for qualified buyers. The asking price is $7,999,999, representing a price per square foot of $147.35. This is a compelling investment opportunity in a thriving market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
12 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 54,292 SF
- Lot area
- 7.17 ac
- Year built
- 1998
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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