417 NW Pkwy St
Azle, TX
Price:
$3,467,000
Cap Rate:
3.75%
NOI:
$130,000
Building Size:
Approx. 5,399 Sq. Ft.
Lot Size:
Approx. 1.35 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2026
Investment Overview
- 2026 Construction. 5,399+/- SF Building on 1.35+/- Acre Site
- New 15-Year Absolute NNN Ground Lease, with 10% Rent Increases Every 5 Years in Primary Term & During Option Periods
- 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
- Chick-fil-A Operates 3,100+ Restaurants Nationwide, with Industry-Leading ~$9.3M AUV and Ranked #1 in U.S. Customer Satisfaction for 11 Years
- Azle, TX | Located in Dallas–Fort Worth MSA Just Outside of Fort Worth | Fort Worth Population: 1,008,106+