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Chicken Express - Azle, TX 529 N Stewart St 3,249 SF Retail Building Azle, TX 76020 $2,800,000 ($861.80/SF) 6% Cap Rate
Investment Highlights
- New 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income.
- Operated by Brohon, Inc., an experienced Chicken Express franchisee with more than 23 years of operating history within the brand.
- The property is an outparcel to Lake Plaza, an ~148,000 SF Walmart Supercenter-anchored development that serves as the dominant daily-needs.
- Structured rent escalations of 10% every 5 years ensure strong long-term income growth.
- Rent was underwritten against actual unit-level operating results rather than set to maximize sale proceeds.
- Azle's population reached ~15,800 in 2026, growth of more than 17% since the 2020 census and an annual growth rate of ~2.6%.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 3,249 SF Chicken Express located at 529 N Stewart Street in Azle, TX. The offering features a new 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income. With a strong lease structure and minimal management obligations, the property presents a compelling investment opportunity for investors seeking stable, long-term cash flow.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,249 SF
Building Class
B
Year Built/Renovated
2002/2013
Price
$2,800,000
Price Per SF
$861.80
Cap Rate
6%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.68 AC
Zoning
HC - Heavy Commercial
Parking
41 Spaces (12.62 Spaces per 1,000 SF Leased)
Frontage
165’ on N Stewart St
Amenities
- Dedicated Turn Lane
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chicken Express
- Accommodation and Food Services
- 3,249 SF
- $51.71
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chicken Express | Accommodation and Food Services | 3,249 SF | $51.71 | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05583039 | Improvements Assessment | $414,911 |
| Land Assessment | $207,389 | Total Assessment | $622,300 |
Property Taxes
Parcel Number
05583039
Land Assessment
$207,389
Improvements Assessment
$414,911
Total Assessment
$622,300
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