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Shopping Strip

Speer Flex Retail Center

105 Speer St, Azle, TX 76020

Listing Price: $3,775,738

Cap Rate
6.50%
Gross SF
17,261
Rentable SF
17,261
Price/Gross SF
$218.74
Lot Size
1.24 acres
Year Built
2021

Investment Overview

Speer Retail Center is a 17,261-square-foot, multi-tenant flex retail center located west of Fort Worth in Azle, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants consist of Saddleback Leather Company, Chamberlain's Leather Milk, and City Electric Supply. All leases include renewal options at fair market value. Situated on a 1.24-acre lot, the building is newer (2021) construction with a modern façade, metal roofing and accent awnings, and a concrete parking.

The subject property is strategically located on Speer Avenue and Main Street with easy access to State Highway 199 (Jacksboro Highway). Jacksboro Highway is the main north-south thoroughfare in the city, connecting the town of Jacksboro from the north through downtown Fort Worth. Traffic counts on Jacksboro Highway exceed 35,314 vehicles per day. National and regional retailers are in the surrounding area, including Dollar Tree, U.S. Renal Care, Dollar General, Pizza Hut, Jack in the Box, McDonald's, T-Mobile, Verizon, QuikTrip, Whataburger, CVS, Walmart Supercenter, Albertsons, KFC, Brookshire's, and many more. Azle City Hall, Municipal Court, and Police Department are positioned directly across Main Street. The surrounding area benefits from strong demographics with an average household income $79,682 within a one-mile radius; $97,054 within a three-mile radius and $101,428 within a five-mile radius.

Investment Highlights

  • 17,261-Square-Foot, Multi-Tenant Flex Retail Center
  • 100% Leased | All Leases are Triple-Net | Minimum Landlord Responsibilities
  • New (2021) Construction Featuring a Metal Roof and Metal Awnings | Rear Bay Depths of 66' and 75' | 14' x 12' Rear Entry Overhead Doors
  • Located at the Intersection of Speer Avenue and Main Street with Easy Access to Highway 199 (Jacksboro Highway) | 35,314+ Vehicles per Day on Highway 199 (Jacksboro Highway) and 5,699 Vehicles per Day on Main Street and Speer Ave
  • The City of Azle Serves a Trade Area Population Exceeding 184,480 People | $275.5M Total Taxable Sales Reported in 2023

Exclusively Listed By

Financing By

Shopping Strip

Speer Flex Retail Center

Listing Price: $3,775,738

Cap Rate
6.50%
Gross SF
17,261
Rentable SF
17,261
Price/Gross SF
$218.74
Lot Size
1.24 acres
Year Built
2021

Investment Highlights

  • 17,261-Square-Foot, Multi-Tenant Flex Retail Center
  • 100% Leased | All Leases are Triple-Net | Minimum Landlord Responsibilities
  • New (2021) Construction Featuring a Metal Roof and Metal Awnings | Rear Bay Depths of 66' and 75' | 14' x 12' Rear Entry Overhead Doors
  • Located at the Intersection of Speer Avenue and Main Street with Easy Access to Highway 199 (Jacksboro Highway) | 35,314+ Vehicles per Day on Highway 199 (Jacksboro Highway) and 5,699 Vehicles per Day on Main Street and Speer Ave
  • The City of Azle Serves a Trade Area Population Exceeding 184,480 People | $275.5M Total Taxable Sales Reported in 2023

Investment Overview

Speer Retail Center is a 17,261-square-foot, multi-tenant flex retail center located west of Fort Worth in Azle, Texas. The center is currently 100 percent occupied, and all leases are triple-net. Tenants consist of Saddleback Leather Company, Chamberlain's Leather Milk, and City Electric Supply. All leases include renewal options at fair market value. Situated on a 1.24-acre lot, the building is newer (2021) construction with a modern façade, metal roofing and accent awnings, and a concrete parking. The subject property is strategically located on Speer Avenue and Main Street with easy access to State Highway 199 (Jacksboro Highway). Jacksboro Highway is the main north-south thoroughfare in the city, connecting the town of Jacksboro from the north through downtown Fort Worth. Traffic counts on Jacksboro Highway exceed 35,314 vehicles per day. National and regional retailers are in the surrounding area, including Dollar Tree, U.S. Renal Care, Dollar General, Pizza Hut, Jack in the Box, McDonald's, T-Mobile, Verizon, QuikTrip, Whataburger, CVS, Walmart Supercenter, Albertsons, KFC, Brookshire's, and many more. Azle City Hall, Municipal Court, and Police Department are positioned directly across Main Street. The surrounding area benefits from strong demographics with an average household income $79,682 within a one-mile radius; $97,054 within a three-mile radius and $101,428 within a five-mile radius.

Exclusively Listed By

Financing By

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