164 Industrial Ave
Azle, TX
Price:
$1,700,000
Cap Rate:
5.00%
NOI:
$85,000
Building Size:
Approx. 950 Sq. Ft.
Lot Size:
Approx. 0.75 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2024
Investment Overview
- 2024 Construction. 950+/- SF Building on 0.75+/- Acre Site
- 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years in Primary Term & Renewal Options, and (3) 5-Year Options
- High-Traffic Location Along TX-199 (48,000 VPD), the Primary East–West Corridor Connecting Directly to Fort Worth
- Established Retail Corridor Anchored by 183,918 SF Walmart Supercenter Employing 426 Individuals
- 2,900+ Employees and 7,200+ Students Within Two Miles of the Site – Azle ISD Enrolls 7,200+ Students Across 12 Campuses
- Dutch Bros Generated $1.64B in Revenue in 2025 and Operates 800+ Locations Nationwide
- Azle, TX | Located in Dallas–Fort Worth MSA Just Outside of Fort Worth | Fort Worth Population: 1,008,106+