2425 Division StArlington, TX 76012

Property Details for 2425 Division St

Year built

2002

Lot size

1.46 AC

Property size (Sq ft)

4,847 SF

Property type

Grocery and convenience stores

APN

41940--35R

APU

4194035R

Description

This exceptional investment opportunity presents a fee-simple ownership of a QuikTrip convenience store and gas station in Arlington, Texas, within the Dallas-Fort Worth MSA. Located at 2425 W Division St, 76012, this Class A property boasts 4,847 square feet on a 1.46-acre lot, featuring 20 gas pumps and 47 parking spaces. Built in 2002 and renovated in 2016, the property benefits from a strong, 100% occupancy rate under an absolute NNN lease with a corporate guarantee from QuikTrip Corporation. The lease, commencing November 1, 2018, and expiring October 31, 2033, has approximately 8.9 years remaining, with ten 5-year renewal options and rent bumps. The property generates a Net Operating Income (NOI) of $150,300, resulting in a 5.00% cap rate. Strategically positioned at a signalized intersection with high daily traffic volume, this property offers a passive investment opportunity with significant potential for bonus depreciation. The property's proximity to AT&T Stadium, Globe Life Field, and Texas Live! further enhances its value and potential for strong returns. This is a single-tenant property with a proven track record and a secure, long-term lease. The asking price is $3,006,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,364,432

  6.5%

  $1,259,476

  7%

  $1,169,513

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,563,021

  Geo Method

  $3,656,881

• Alternative Use

  Use

  Valuation

  Residential

  $1,062,415

  Hospitality

  $973,166

  Educational

  $809,663

  Medical

  $837,508

  Retail

  $1,259,476

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7364

Longitude

-97.1485

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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