Lake Plaza Investment Sale

LanCarte Commercial, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the fee-simple interest in a 100% leased multi-tenant retail center (the “Property”/“Investment”), located at 505-527 North Stewart Street, Azle, Texas. The Property spans 64,062 square feet on 5.89 acres and is fully leased to seven (7) tenants, anchored by Brookshire’s, a well-established grocery retailer.

Brookshire’s, the Property’s anchor tenant, has recently invested approximately $3,000,000 in façade improvements, reinforcing its long-term commitment and increasing the center’s appeal. Current tenant rents are below market rates, providing a clear opportunity for investors to implement value-add strategies through lease repositioning as renewals occur