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Browse More Listings in Shopping Center For Sale, Azle, TX or Texas

Shopping Center For Sale

Family Dollar Shopping Center

601 Northwest Parkway, Azle, TX 76020

Price:
$1,980,000
Gross Leasable Area:
18,636 SF
Price/SF:
$106.25
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
8.75%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
1.96 AC
Find Out More...

Last Verified 10/15/2009 Listing ID 16299321

Description

An 18,636 square foot shopping center situated on 1.960 acres of land. The building is constructed with concrete block and tilt wall with a built up tar and gravel roof and metal canopy and asphalt parking lot. McDonalds is on a pad in front of the Shopping Center. The Center was completely renovated in 2002 and has a cross access and reciprocal parking agreement with the adjacent shopping center.

Azle is a growing suburban market located 15 miles northwest of the Dallas/ Fort Worth Metroplex. The Shopping Center is located at the main intersection which is the choke point for the market. Choke point means that the majority of traffic in the Azle TRADE AREA must pass this intersection. This is because S.H. 199 is the primary traffic corridor for the trade area and FM 730 is the principle arterial road. S.H. 199 had a traffic count of 43,000 VPD in 2004. The trade area population is 60,000+ persons with an average annual household income of $58,250. Super Wal-Mart and Albertson' s are across the street

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Financial Summary

Actual
Net Operating Income
$173,226

Map of 601 Northwest Parkway, Azle, TX 76020 (Tarrant County)

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Presented by

Ranchview Investments, Inc.

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Contact Listing Broker

Tyler Bates (817) 338-0511

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Created 6/30/2009

Additional Information for 601 Northwest Parkway, Azle, TX 76020

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 601 Northwest Parkway, Azle, TX 76020

Nearby Shopping Center properties for saleSearch all commercial real estate for sale

Azle Shopping Center
$495,000
7,250 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Park Place Plaza
$12.00/SF/Year
810 - 3,840 SF
Ranchview Village Shopping Center
$17.00/SF/Year
1,200 - 5,000 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Family Dollar Shopping Center

601 Northwest Parkway, Azle, TX, 76020