480 Pkwy St Azle, TX 76020

This exceptional investment opportunity presents a 54,292 square foot Albertsons grocery store and pharmacy in Azle, Texas. Located on a major highway with high visibility and accessibility near the Dallas-Fort Worth MSA, this property boasts a 100% occupancy rate with a 15.3-year remaining lease term, featuring 7.5% rental increases every 5 years and three 5-year renewal options. The property enjoys a strong 5.54% cap rate and a substantial NOI of $442,804, with an asking price of $7,999,999 ($147/sq ft). Situated in a rapidly growing area with a strong local economy and favorable demographics, including an average household income of $102,257 within a 5-mile radius and over 30,000 residents within the same area, this location benefits from high traffic counts exceeding 25,000 vehicles daily at a signalized intersection. The property is part of a retail center with numerous national tenants, including Walmart, Walgreens, and others. The city of Azle recently implemented a Façade and Signage Improvement Program, further enhancing the property's appeal. This is a passive investment with minimal landlord responsibilities, offering stable cash flow and significant long-term investment potential due to the necessity-driven nature of the anchor tenant and the area's continued growth. The property was built in 1998 and consists of a single, one-story building. The property's location near Eagle Mountain Lake provides additional recreational appeal to the area. An attractive assumable loan is available for qualified buyers.