480 NW Parkway St | Azle, TX 76020
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480 NW Parkway St
Azle, TX 76020
Albertsons · Retail Property For Sale
Investment Highlights
- Prime Location – Situated in the heart of Azle, TX along a major highway near the DFW MSA
- Anchor Tenant – As an established and trusted grocery chain, Albertsons serves as an anchor tenant
- The 20 Year lease with approximately 15 years remaining includes minimal landlord responsibilities and 7.5% rental increases every 5 years
- Stable and Growing Market – Azle, TX, is part of a rapidly expanding region with a growing population and a strong local economy
- This location is located near a Signalized Hard Corner Intersection seeing over 25,000 vehicles per day
- Larger Trade Area – There is a wide range of national tenants in the immediate trade area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
54,292 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
6.26 AC
Zoning
Commercial
Parking
350 Spaces (6.45 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 41319737 | Improvements Assessment | $1,396,196 |
| Land Assessment | $2,725,110 | Total Assessment | $4,121,306 |
PROPERTY TAXES
Parcel Number
41319737
Land Assessment
$2,725,110
Improvements Assessment
$1,396,196
Total Assessment
$4,121,306
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