Update on my status if anyone's interested. So the accessory belt I got from Autozone ended up not fitting, although in their system it said it was for the hybrid L8B engine.
Thanks to davestars, I got the idea of reusing the stock belt instead of cutting it off/replacing as recommended by GM. But finding a water pump was another hurdle. What started this was a bad wobble from the water pump pulley which made a terrible noise along with a small coolant leak. One a positive note, its actually very easy to get to. Lots of working space once you remove the air intake box. But as you can imagine, our water pump has a smaller and narrower pulley than normal 5.3 pumps (thus the unique sized stretch belt). None of the big auto parts stores could source them (Oreillys, AutoZone, Advanced Auto Parts, Napa, RockAuto, etc.). Only a random auto parts store on eBay and finditparts.com had them in stock. At the time, there's only 4-5 of them I could find online. Im gonna see if I can get my old one rebuilt (it's only got 34k miles) and keep it as a spare or help a fellow L8B owner.
As for the accessory belt, I took pics and got measurements hoping theres something similar. I reached out to continental belts, goodyear belts, AcDelco, dayco, bando, etc. and no one had a belt in their catalog that matched. So unless your local dealership planned ahead and stocked a bunch of these belts, waterpumps, and who knows what other unique L8B 5.3 parts, we are SOL. In the mean time, Im trying to find someone who can build us a custom belt. I will update as the time comes incase any future GM 5.3 eAssist owners comes accross these issues.