1001 Sanford StArlington, TX 76012

Property Details for 1001 Sanford St

Year built

1974

Lot size

0.50 AC

Property size (Sq ft)

4,000 SF

Property type

Retail space

APN

9140--5

APU

91405

Description

This 4,000 square foot retail center in North Arlington, Texas, presents a compelling value-add opportunity. Located at 1001 W Sanford St, 76012, this Class C property boasts 100% occupancy with two tenants in a multi-tenant arrangement under a NNN lease structure. Built in 1974, the property is zoned per City of Arlington regulations (details available upon request). Currently operating as a convenience store and grocery store within a shopping center, this property offers significant income growth potential due to below-market rents. The property benefits from its strategic location in North Arlington, near major attractions like Globe Life Field and AT&T Stadium, ensuring high visibility and convenient access for both tenants and customers. Rent bumps are permitted, providing further upside for investors. Financial details, including tax information and tenant specifics (excluding credit ratings), are available upon request. This is an exceptional opportunity to acquire a stable, income-producing asset with considerable upside potential in a thriving Texas market. The property's strong tenant base and desirable location make it an attractive investment for those seeking long-term growth and cash flow enhancement.

• CAP approach

  CAP return

  Valuation

  6%

  $1,126,001

  6.5%

  $1,039,386

  7%

  $965,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,888

  Geo Method

  $3,017,851

• Alternative Use

  Use

  Valuation

  Residential

  $876,761

  Hospitality

  $803,108

  Educational

  $668,176

  Medical

  $691,156

  Retail

  $1,039,386

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7432

Longitude

-97.1204

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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