460 NORTHWEST PKWY Azle TX 76020-3136

Top Performing Store: This store ranks in the top 6% in Texas, and top 15% nationwide of all the stores for metrics currently tracked by Placer AI. Contact Broker for more details.

Top 5 MSA: Azle is located northwest of Fort Worth within the booming DFW Metroplex, known for its immense growth and being a hub and home for multiple Fortune 500 and other larger companies such as AT&T, McKesson, Exxon, Energy Transfer, Texas Instruments, American Airlines and Southwest Airlines, 7 Eleven, etc.

Strong Demographics: There are more than 162,023 people in a 10-mile radius with an average household income of $96,981 in a 5-mile radius.

Strategic Location – New Developments: Site is strategically located less than two miles from Walnut Creek Elementary School, Azle Junior High, and Azle High School. These three schools contain over 3,100 students combined. Hundreds of new homes recently built and more under construction have supported the city to break ground on another brand-new elementary school and other retail projects in the area.

Proven Location: This store has been in operation since 2008, with ± 6.5 years remaining on the original lease ending in January 2029, with Eight (8), Five (5) year options.

Rare Rent Increases: This site offers its landlord attractive 10% increases in the options, potentially providing a hedge against inflation, equity preservation in the property, and increases in net cash flow.

Corporate Credit Tenant: The lease offers a Corporate Guaranty with an Investment Grade BBB credit rating by Standard & Poor’s and a market cap of ±$121B.

Essential Retailer: Amidst the global pandemic, CVS was deemed an essential retailer and has continued to provide valuable goods and services throughout the pandemic. CVS not only stayed open, but they paid their rent in a timely manner throughout the pandemic.