7301-7401 Matlock Road - Storefront FOR SALE
Arlington, TX 76002 |
7301-7401 Matlock Road
Arlington, TX 76002
HIGHLIGHTS
- Strong Tenant Retention – Matlock Plaza Has Retained an Impressive 37.21% of Its Rent Roll for 4+ Years, 22.76% for 7+ Years, and 11.38% for 9+ Years
- Property Benefits From The NNN/Gross, Allowing an Investor the Ability to Replace Gross Leases With NNN Structures, Significantly Increasing Revenues
- The Average Suite Size in Matlock Plaza Is Only 1,570 SF, Which Is Among the Most Replaceable Suite Sizes in the Market.
- With 68% of the Center’s Occupancy in Place Until 2028, an Investor Will Have Ample Time for Potential Replacement While Enjoying Stable Cash-Flow.
- Priced Below Replacement Cost – At $232/SF, the Center Is Priced Well-Below Replacement Cost.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Matlock Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
21975
STORIES
1
YEAR BUILT
2006
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
41342895
