- Below Market Rents – At an Average Base Rental Rate of Only $17.14/Sf, the Offering Presents a Major Upside Opportunity Through Gradual Rental Escalations to Meet the Market Rate of ~$22.00–$24.00/Sf
- H-E-B Proximity – Located Less Than a Block SW of H-E-B, the Site Benefits From It’s Proximity to One of the Largest and Most Successful Grocer Chains
- Long-Term Tenant Retention – The Site Benefits From Its Stability w/ 50% of the Rent Roll (TitleMax) Occupying Their Space for 10+ Yrs, and the Other Half (Armstrong McCall) for 7+ Yrs.
- Gross Lease Structure – An Investor Can Realize Additional Upside Through the Eventual Conversion (or Replacement) of Armstrong McCall From a Gross to a NNN Lease Structure.
- High-Traffic Location – Positioned Directly off W. 7th St., the Site Benefits From Exposure to 25,000+ VPD.
- Priced Below Replacement Cost – At an Asking Price of Just $242/Sf.
- Recent Roof Replacement – The Roof Was Replaced in 2019 With TPO Material That Includes a 15-Yr Warranty.
Property Subtype: Retailer
Matlock Plaza
- 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 $240/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.
Sleep Number
- 2022 Construction. 3,500 +/- SF Building on 0.66+/- Acre Site
- Brand New 10-Year Corporate Net Lease w/ (4) 5-Year Options to Renew and 10% Rent Increases Every 5 Years
- Pad Site to a Premier Hobby Lobby Ranked #7 out of 928 Locations in Customer Visits
- Excellent Traffic Counts w/ Superb Access Located on S Broadway Ave (39,000+ VPD)
- Located in Dense Retail Corridor w/ Surrounding Retailers of Best Buy, Barnes & Noble, Lowe’s, and More
- Sleep Number Reported Over $2.11 Billion in Revenue for 2022
- Tyler | Largest Community in East Texas | Population: 241,750+
Shoppes at Whitestown | Lot 4
- 2023 Construction. 7,400+/- SF Building on 0.93+/- Acre Site. 100% Leased.
- Long term NNN leases with complimentary and internet/recession proof tenants including nationally recognized Tropical Smoothie Café, Chicken Salad Chick, Eyeglass World, and American Mattress.
- Newly constructed and fully leased outparcel to a recently developed and fully leased class A regional power center anchored by Hobby Lobby, Burlington, TJ Maxx, Ross and Planet Fitness.
- High profile and heavily trafficked interstate exit location with traffic counts in excess of 88,300 on I-65 and 31,500 on Whitestown Pkwy.
- Other tenants at the exit include Meijer, Lowe’s, Ashley, Five Below, Petco, Old Navy and dozens of restaurants, convenience stores, gas stations, banks, hotels and medical facilities.
- Whitestown has been the fastest growing community in Indiana every year for a decade with population growth of approx. 59% since 2010 within a 5-mile radius of subject property.
- Indianapolis | Crossroads of America | Population: 880,621+
Shoppes at Whitestown | Lot 3
- 2022 Construction. 5,000+/- SF Building on 0.93+/- Acre Site. 100% Leased.
- Long term NNN leases with complimentary and internet/recession proof tenants including nationally recognized Tropical Smoothie Café, Chicken Salad Chick, Eyeglass World, and American Mattress.
- Newly constructed and fully leased outparcel to a recently developed and fully leased class A regional power center anchored by Hobby Lobby, Burlington, TJ Maxx, Ross and Planet Fitness.
- High profile and heavily trafficked interstate exit location with traffic counts in excess of 88,300 on I-65 and 31,500 on Whitestown Pkwy.
- Other tenants at the exit include Meijer, Lowe’s, Ashley, Five Below, Petco, Old Navy and dozens of restaurants, convenience stores, gas stations, banks, hotels and medical facilities.
- Whitestown has been the fastest growing community in Indiana every year for a decade with population growth of approx. 59% since 2010 within a 5-mile radius of subject property.
- Indianapolis | Crossroads of America | Population: 880,621+
Shoppes at Whitestown | Lot 6
- 2023 Construction. 6,000+/- SF Building on 0.70+/- Acre Site. 100% Leased.
- Long term NNN leases with complimentary and internet/recession proof tenants including nationally recognized Tropical Smoothie Café, Chicken Salad Chick, Eyeglass World, and American Mattress.
- Newly constructed and fully leased outparcel to a recently developed and fully leased class A regional power center anchored by Hobby Lobby, Burlington, TJ Maxx, Ross and Planet Fitness.
- High profile and heavily trafficked interstate exit location with traffic counts in excess of 88,300 on I-65 and 31,500 on Whitestown Pkwy.
- Other tenants at the exit include Meijer, Lowe’s, Ashley, Five Below, Petco, Old Navy and dozens of restaurants, convenience stores, gas stations, banks, hotels and medical facilities.
- Whitestown has been the fastest growing community in Indiana every year for a decade with population growth of approx. 59% since 2010 within a 5-mile radius of subject property.
- Indianapolis | Crossroads of America | Population: 880,621+
Southwest Park Shopping Center
- 2005 Renovation. 24,454+/- SF Building on 2.07+/- Acre Site
- Diversified Tenant Mix and Excellent Occupancy History
- Located at Signalized Corner of Barrow (13,923 VPD) and 14th (32,856 VPD)
- Near Several National Tenants Including H-E-B, McDonald’s, Sonic, Starbucks, & Many More
- Priced Below Replacement Cost at $93.44/SF
- Abilene, Texas is a City in West Texas Located Off Interstate 20
- Abilene | Home to 6 Colleges and Universities | Population: 124,691
Tractor Supply
- 2023 Construction. 21,930+/- SF Building on 5.01+/- Acre Site
- New 16 Year NNN Lease w/ (4) 5 Year Options to Renew & 5% Rent Increases Every 5 Years
- Excellent Highway Location Directly off of Hwy 41 (4K VPD) in a Rural Community
- Alachua County has 1,662 Farms, Which Accounts for over 54% of the County’s Land Use
- Florida is One of the Fastest Growing States in the US and has a Low Unemployment Rate
- Tractor Supply is the Largest Rural Lifestyle Retailer in the United States
- High Springs | 20 Miles from Gainesville, FL | Population: 339,000+
- See Agent for Marketing Materials
Verizon
- 2003 Construction. 1,843+/- SF Building on 0.57+/- Acre Site
- Open and Operating | 3+ Years Remaining on Original 5 Year Absolute NNN Lease
- Excellent Signalized, Hard Corner Location at the Intersection of County Rd 220 & S Colorado St (22K VPD)
- Shadow-Anchored by Walmart Supercenter and Near Whataburger, Family Dollar, Dollar Tree, & More
- Lockhart is Located Within the Austin MSA, One of the Largest MSAs in Texas
- Verizon (S&P BBB+) is a Quickly Growing Tenant and Reported Over $136B in Revenue in 2022
- Lockhart | Barbecue Capital of Texas | Population: 14,500+
Tractor Supply
- 2023 Construction. 23,557+/- SF Building on 4.88+/- Acre Site
- New 16 Year Net Lease w/ (4) 5 Year Options to Renew & 5% Rent Increases Every 5 Years
- Excellent Location at the Intersection of Clovis Rd & County Rd 1800 (15K Combined VPD)
- Great Tractor Supply Real Estate w/ a Population of 60,000+ Within a 5 Mile Radius
- Subject Property has a Strong Corporate Guarantee and is Located in a Tax Free State
- Tractor Supply is the Largest Rural Lifestyle Retailer in the United States
- Lubbock | Known as the “Hub City” of West Texas | Population: 265,000+