North Collins Retail Center
100% Occupied : Walking Distance to AT&T Stadium and Texas Live! : Across the Street from Walmart
Marketing description
North Collins Retail Center is an 11,028-square-foot, multi-tenant retail center located in a densely populated area of Arlington, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants are a complementary mix of service-oriented businesses including Tropical Smoothie Café, Antique Shop, New Cuts, Golden Chopstick, Title Max, Stadium Beer and Wine, and Studio Nails. Originally constructed in 1978, North Collins Retail Center is situated on 0.9 acres with a concrete parking lot. Additional income is provided by a lease for special event parking. A double-sided monument sign provides additional exposure and visibility to the center.
The subject property is located on North Collins, a major arterial road, positioned near the intersection with East Randol Mill Road and with easy access to Interstate 30. Traffic counts in front of the property exceed 32,300 vehicles per day. Located across the street from a top ranking Walmart Supercenter, other nearby national and regional retailers include Dollar Tree, Urban Air Trampoline and Adventure Park, dd's Discounts, Buffalo Wild Wings, Pep Boys, Raising Cane's, Jason's Deli, Office Depot, ULTA Beauty, Michaels, Ross Dress for Less, PetSmart, Burlington, Studio Movie Grill, and many more. The surrounding area has excellent demographics of more than 286,710 residents and a strong daytime employment exceeding 144,452 people within five miles.
Investment highlights
- 11,028-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | All Current Leases are Triple-Net
- Tenant Base is a Complementary Mix of National and Local Retailers that are Largely Internet-Resistant Businesses
- Current Average Rents are Below Market
- Walking Distance to Major Attractions Including AT&T Stadium (4M+ Visitors Annually), Globe Life Field (2M+ Visitors Annually), and Texas Live!, Creating Natural Foot Traffic and Exposure | Landlord Receives Additional Income from a Lease for Event Parking
- Located on North Collins Street, a Major Arterial Road | 32,300+ Vehicles per Day in Front of the Property | Close Proximity to Interstate 30
- Across North Collins Street is a Top-Ranking Walmart Supercenter | Ranks in the 87th and 82nd Percentile in the Nation and State of Texas, Respectively, Based on Consumer Traffic (Source: Placer.ai)
- Other Nearby Traffic Drivers Include Six Flags Over Texas, Choctaw Stadium, General Motors Assembly Plant, Downtown Arlington, and University of Texas Arlington (44,000+ Student Enrollment)
- Well Positioned to Serve a Dense Residential Area of More than 286,710 Residents within Five Miles of the Property | Average Household Income is $73,457 | Daytime Employment Exceeds 144,452 People within Five Miles
- The City of Arlington is the Third-Largest City in North Texas | Positioned Halfway Between Dallas and Fort Worth | Approximately Twelve Miles from Dallas/Fort Worth International Airport
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