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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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