4402 Little Rd - Bank FOR SALE


Arlington, TX 76016- West Arlington
$3,842,000 USD
214-960-2887
4402 Little Rd, Arlington, TX for Sale
$3,842,000 USD
Bank - FOR SALE
1/9
null | 4.75% Cap Rate

4402 Little Rd
Arlington, TX 76016
West Arlington


HIGHLIGHTS

  • Zero Landlord Responsibility Corporate Albertsons Shadow Anchored PNC Bank Ground Lease Asset Located in Arlington, TX
  • 20 Year Ground Lease with 10% Rent Escalations Every 5-Years & Zero Landlord Responsibilities
  • 2025 Lease Commencement Partial Masonry Construction Bank with Drive Thru ATM Adjacent to Chick-Fil-A & Whataburger
  • PNC Bank Corporate Credit Rated “A” by S&P & “A2” by Moody’s, Both Considered Investment Grade
  • Moments from Intersection of Interstate 20 & Little Road Containing 1,400,000 SF of Retail, Restaurant & Entertainment GLA in a 1- Mile Radius
  • Average Household Income Exceeds $120,600 & $118,700 in 1- & 3- Mile Radius, Respectively

OVERVIEW

PNC recently signed a 20-year corporate ground lease for a new 2025 renovated bank branch shadow anchored to Albertsons in the affluent DFW submarket of Arlington, Texas. The Property is located 15 minutes from downtown Fort Worth, 20 minutes from DFW Airport and 25 minutes from downtown Dallas. PNC Bank Ground Lease sits on +/- 0.40 acres with excellent positioning on Little Road boasting traffic counts exceeding 36,500 VPD. The Property consists of newly renovated 2,635 SF partial masonry construction bank with a walk up ATM with highly visible two sided monument sign fronting Little Road. The ground lease features 10% rental escalations every 5-years with four 5-year renewal options and zero landlord responsibilities. PNC Bank is a publicly traded company (NYSE: PNC) with a corporate credit rating of “A” by S&P and “A2” by Moody’s, both considered investment grade. Notable national retailers in the immediate area include Albertsons, Walmart Supercenter, Kroger, Sprouts, LA Fitness, Aldi, Office Depot, Walgreens, Chick Fil A, Whataburger, Chipotle and UPS amongst others.

FOR SALE DETAILS

PRICE

$3,842,000 USD

PRICE/SF

$1,503 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,337 SF

ZONING

-

APN/PARCEL ID

06471927

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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Tommy TuckerSHOP CompaniesMore Info
214-960-2887

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