Secure Net Lease Closes Multi-Tenant Sale in Arlington, TX
Sam House Successfully Closes Matlock Plaza Strip Center
Secure Net Lease, a nationally recognized brokerage firm, has announced the successful closing of Matlock Plaza, a multi-tenant strip center located in Arlington, Texas. The transaction was completed with a private, all-cash buyer based in Texas, following a highly competitive marketing process that drew 14 offers. This deal underscores Secure Net Lease’s expertise in navigating multi-tenant retail transactions while delivering strong results for both private sellers and motivated buyers.
Sam House, who brokered the transaction, shared, “I first met this seller early in my career and stayed in touch with him over the years as he worked to stabilize the center. The property had been inherited by his family, and I was fortunate to have the opportunity to work with them on the sale because we worked very well together.”
Matlock Plaza is a ±21,975-square-foot strip center located at 2500 Matlock Road in Arlington, TX. It benefits from a high-traffic location and strong tenant mix, including Metro by T-Mobile, Cricket Wireless, H&R Block, and Wingstop. The site sees approximately 37,000 vehicles per day and features excellent visibility and access. With over 215,000 residents and an average household income exceeding $85,000 within a five-mile radius, the demographics surrounding Matlock Plaza are ideal for supporting long-term tenant performance.
“After receiving 14 offers, we ultimately found an all-cash buyer who really saw the value in the property—it made a lot of sense to him. We closed very quickly for that market and at a very strong cap rate because we effectively demonstrated the long-term upside of ownership” House concluded.
This transaction is another example of Secure Net Lease’s ability to align motivated private sellers with qualified buyers seeking stabilized multi-tenant retail assets in growth markets. The firm’s strategic marketing approach and strong buyer network helped overcome challenges related to cash flow shortfalls while maintaining strong pricing and a smooth closing process.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
