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
Property Size
59,849 sq ft
Costar Property Class
B
Year Built
1986
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.34
Total Plot Size
4.10 ac
Parking
144 Spaces (2.41 Spaces per 1,000 sq ft Leased)
Frontage
321 ft on N Stewart St
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £3,058,799 | |
| Land Assessment | £569,466 | Total Assessment | £3,628,265 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£569,466
Improvements Assessment
£3,058,799
Total Assessment
£3,628,265
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