4220 Green Oaks BlvdArlington, TX 76016

Property Details for 4220 Green Oaks Blvd

Year built

2003

Lot size

2.05 AC

Property size (Sq ft)

7,254 SF

Property type

Banks

APN

34060--1B

APU

340601B

Description

Exceptional investment opportunity featuring a Bank of America branch in Arlington, Texas. This single-tenant, fee-simple property boasts a 6,926 square foot building on a 2.05-acre lot with 63 parking spaces. Built in 2003 and renovated in 2021, the property is zoned for Community Commercial use and features a 24-year lease with a remaining term of 2.9 years, expiring October 31, 2027. The lease includes annual 2% rent bumps, with two 5-year lease options. The current asking price is $5,430,000, representing a 5.63% cap rate and a price per square foot of $784. The property enjoys 100% occupancy since its opening in November 2003, generating a strong NOI of $305,775. Landlord responsibilities are capped at $92,946.92 annually, covering roof and structure maintenance. The tenant, Bank of America, is a credit-rated national institution with substantial deposits exceeding $331,000,000, ranking among the top performers in Tarrant County. The property's location in a high-traffic area along the I-20 corridor offers significant barriers to entry for competitors and potential for future redevelopment given the ample lot size. This presents a secure, high-performing investment with proven rent growth and minimal landlord responsibilities. The recent price reduction makes this an even more compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,042,003

  6.5%

  $1,884,926

  7%

  $1,750,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,339,211

  Geo Method

  $5,472,873

• Alternative Use

  Use

  Valuation

  Residential

  $1,590,006

  Hospitality

  $1,456,437

  Educational

  $1,211,738

  Medical

  $1,253,412

  Retail

  $1,884,926

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.6805

Longitude

-97.1973

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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