Listed by Northmarq - Tulsa
$8,513,000
Texas Appliance
Details
Property Type Retail, Industrial
Sub Type Storefront, Distribution
Square Footage 40,880
Cap Rate 6.25%
Occupancy 100%
Tenancy Single
Lease Term 15
Lease Expiration 01/31/2033
Remaining Term 6.5
Rent Bumps Yes
Year Built 2002
Buildings 1
Acreage 3.620
Lease Commencement 02/01/2018
Ground Lease No
Texas Appliance | 12-Year Absolute Net Lease | Dallas-Fort Worth MSA | 3.00% Annual Bumps
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a single-tenant retail building located in Arlington, Texas (the "Property"). The Property consists of 3.62 acres and a one-story, 40,880-square-foot retail building that was built in 2002. The Tenant, Texas Appliance Supply, Inc., has twelve years of lease term remaining with 3% annual rental increases. Additionally, the lease provides for four, five-year option periods.
Investment highlights
- Corporate Headquarters
- Long-Term Absolute Net Lease
- Attractive Rent Increases
- High Store Sales
- Near Major Traffic Drivers
- Located Near the Arlington Entertainment District
Listing Contacts
Listed by Northmarq - Tulsa
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