7301 Matlock Road
Arlington, TX
Price:
$5,100,000
Cap Rate:
7.00%
NOI:
$357,057
Building Size:
Approx. 21,975 Sq. Ft.
Lot Size:
Approx. 2.63 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Retailer
Year Built:
2006
Offering Agent
Investment Overview
- Below Market Rents – The Average Base Rental Rate in the Center Is $16.04/Sf, While the Average Market Rate for Like Kind Shopping Centers in Arlington Is $25/Sf+
- 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
- NNN/Gross Lease Structures – The Property Benefits From This Mix, 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.
- Matlock Plaza Is Positioned Along the Southern Matlock Road Corridor and Is Visible to Over 38,000 Vehicles per Day.
