5425 Cooper StArlington, TX 76017

  • Community centers
  • 88,144 SF

Property Details for 5425 Cooper St

Year built
1998
Lot size
10.61 AC
Property size (Sq ft)
88,144 SF
Property type
Community centers
APN
40330--62AR
APU
4033062AR

Description

This exceptional 86,776 square foot shopping center in Arlington, TX, presents a compelling investment opportunity. Boasting a 96.1% occupancy rate, the property features a strong tenant mix including e-commerce resistant anchors Planet Fitness and Red, White & Blue Thrift Store, occupying 72.8% of the leasable area, with significant lease terms remaining (6 and 10 years respectively). Located on a 10.62-acre lot at a high-traffic intersection (62,610 vehicles daily), the center benefits from its proximity to a major grocery store, La Michoacana Meat Market, and other complementary businesses like CareNow urgent care and additional in-line suites. Built in 1998, this institutionally maintained property enjoys strong demographics, with over 113,000 people within a 3-mile radius and an average household income exceeding $108,150. The property offers a stable income stream with a 10-year compound annual growth rate of 2.85%, making it an attractive investment in a thriving Texas market. The NNN lease structure minimizes landlord responsibilities, and the below-market rents on anchor tenants provide significant upside potential. This well-positioned center offers a secure and profitable investment opportunity with a proven track record of success. The property's location on a signalized intersection provides excellent visibility and accessibility. National and credit tenants comprise over 84.5% of the gross leasable area and 78.8% of annual rental revenue, ensuring consistent cash flow. The low vacancy rate in the immediate market further underscores the property's desirability and potential for future growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $24,812,562
    6.5%
    $22,903,904
    7%
    $21,267,910
  • Comparable approach

    Method
    Valuation
    Relative Method
    $28,423,962
    Geo Method
    $66,501,368
  • Alternative Use

    Use
    Valuation
    Residential
    $19,320,300
    Hospitality
    $17,697,290
    Educational
    $14,723,938
    Medical
    $15,230,317
    Retail
    $22,903,904

Location Insight

City
Arlington
County
Tarrant
State
Texas
Latitude
32.6584
Longitude
-97.1327
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$203,855
$3,005,418
$6,294,582
$9,300,000
-
$3,005,418
$6,294,582
$9,300,000

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