4201 S Bowen Rd - Convenience Store FOR SALE


Arlington, TX 76016- West Arlington
$4,914,200 USD
972-755-5205
4201 S Bowen Rd, Arlington, TX for Sale
$4,914,200 USD
Convenience Store - FOR SALE
1/4
null | 5.25% Cap Rate

4201 S Bowen Rd
Arlington, TX 76016
West Arlington


HIGHLIGHTS

  • Recently Exercised 10-Year Option | Corporate Absolute Net Lease
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
  • Location is Part of RaceTrac’s $20 Million DFW Remodel Program
  • Signalized Hard-Corner Location (Combined 44,674 VPD)
  • Dense 5-Mile Trade Area | 298,770 Residents and $100,973 Average Household Income
  • Vehicle-Oriented 5-Mile Trade Area | 67.6% of Households Have 2+ Vehicles

OVERVIEW

Offered for sale is a RaceTrac convenience store and fuel station in Arlington, Texas. RaceTrac recently exercised a 10-year renewal extending its corporate-guaranteed absolute net lease through October 2036, with a contractual rent increase at the midpoint of the term. The 1.56-acre property is positioned at the signalized intersection of South Bowen Road (34,572 VPD) and West Pleasant Ridge Road (10,102 VPD). The location is also one of 30 Dallas-Fort Worth stores included in RaceTrac’s nearly $20 million regional remodel initiative. The surrounding 5-mile trade area includes 298,770 residents, 109,336 households and a daytime population of 290,201. Nearby demand drivers include The Parks Mall at Arlington, Walmart Supercenter, WinCo Foods, UT Arlington, Texas Health Arlington Memorial Hospital and General Motors’ Arlington Assembly plant.

FOR SALE DETAILS

PRICE

$4,914,200 USD

PRICE/SF

$983 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RaceTrac (Recent 10-Year Extension)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

40652491

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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