1500 E Interstate 20 - Freestanding FOR SALE


Arlington, TX 76018- South Arlington
$8,513,000 USD
901-848-5891
1500 E Interstate 20, Arlington, TX for Sale
$8,513,000 USD
Freestanding - FOR SALE
1/1
null | 6.25% Cap Rate

1500 E Interstate 20
Arlington, TX 76018
South Arlington


HIGHLIGHTS

  • Corporate Headquarters
  • Long-Term Absolute Net Lease
  • Attractive Rent Increases
  • High Store Sales
  • Near Major Traffic Drivers
  • Located Near the Arlington Entertainment District

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a single-tenant retail building located in Arlington, Texas (the "Property"). The Property consists of 3.62 acres and a one-story, 40,880-square-foot retail building that was built in 2002. The Tenant, Texas Appliance Supply, Inc., has twelve years of lease term remaining with 3% annual rental increases. Additionally, the lease provides for four, five-year option periods.

FOR SALE DETAILS

PRICE

$8,513,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Appliance

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,907 SF

ZONING

Commercial

APN/PARCEL ID

41187016

ASK ABOUT THIS PROPERTY

Jeff McKinneyNorthmarqMore Info
901-848-5891

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Jeff McKinneyNorthmarqMore Info
901-848-5891

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.