Speer Flex Retail Center

Price: $3,775,738
Sq. Ft.: 17,261
Cap Rate: 6.5%
Built: 2021
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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.

  • 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
  • Situated on a 1.24-Acre Parcel with a Concrete Parking Lot
  • Priced at $219 Per Square Foot
  • 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
  • Across the Street from the New Azle City Hall, Municipal Court, and Police Department
  • Numerous National Retailers in the Surrounding Area, Including Walmart Supercenter, Dollar Tree, T-Mobile, Dollar General, McDonald’s, Albertsons, and More
  • Less than Two Miles from Eagle Mountain Lake | Popular Destination for Fishing, Boating, Skiing, and Trail Hiking
  • Located Approximately 16 Miles West of Fort Worth, 36 Miles from DFW International Airport, and 49 Miles from Downtown Dallas
  • The City of Azle Serves a Trade Area Population Exceeding 184,480 People | $275.5M Total Taxable Sales Reported in 2023