480 Pkwy St Azle, TX 76020

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.