7301-7401 Matlock Road - Storefront FOR SALE
Arlington, TX 76002 |
$5,100,000 USD
214-227-9869
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
$5,100,000 USD
PRICE/SF
$232 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Matlock Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.63 AC
LAND SF
114,563 SF
ZONING
-
APN/PARCEL ID
-
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214-227-9869
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214-227-9869
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