505-521 N Stewart St | Azle, TX 76020
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- LoopNet Team
505-521 N Stewart St
Azle, TX 76020
Lake Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased Property: Fully occupied with stable cash flow, providing immediate income for investors.
- Anchor Tenant Commitment: Brookshire’s, a prominent anchor tenant, has invested approximately $3,000,000 in facade improvements
- Strong Fundamentals: Retail Destination and Stable Market Submarket
- Below-Market Rents: Significant upside potential as current tenant rents are below market rates, creating opportunities for value-add strategies.
- Value-Add Opportunities: Lease Repositioning and Enhanced Tenant Mix
PROPERTY FACTS
Property Type
Retail
Building Size
59,849 SF
Building Class
B
Year Built
1986
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
4.10 AC
Parking
144 Spaces (2.41 Spaces per 1,000 SF Leased)
Frontage
321’ on N Stewart St
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,131,558 | |
| Land Assessment | $769,185 | Total Assessment | $4,900,743 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$769,185
Improvements Assessment
$4,131,558
Total Assessment
$4,900,743
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