1650 W Interstate 20 - Freestanding FOR SALE


Arlington, TX 76017- South Arlington
$1,479,000 USD
480-221-4221
1650 W Interstate 20, Arlington, TX for Sale
$1,479,000 USD
Freestanding - FOR SALE
1/9
null | 5.75% Cap Rate

1650 W Interstate 20
Arlington, TX 76017
South Arlington


HIGHLIGHTS

  • Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Cooper Street Plaza | Bardin Place Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, Swig investment property located in Arlington, Texas. The tenant, Swig, has over 9 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,479,000 USD

PRICE/SF

$2,900 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swig

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

CC

APN/PARCEL ID

06556973

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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