Pioneer Plaza (Kroger Anchored) - Arlington, TX
Kroger Anchored Shopping Center (DFW) | 1.2M Annual Visitors | 104,946 SF | Pro-Forma 8% Cap
Marketing description
Pioneer Plaza is a 104,946 SF, Kroger-anchored shopping center in the heart of Arlington, TX - 94% leased with 5.1 years of WALT and a pro-forma 8.00% cap reflecting upside through lease-up and mark-to-market. Recent leasing validates the story, with the last three small-shop deals signed at $0 TI and Altitude Trampoline at just $15.50/SF, positioning in-place rents to move toward market. Anchored by a high-performing Kroger drawing 1.2M annual visits (+8.3% YoY), the 9.8-acre site also includes a separately parceled 0.86-acre pad for added upside. Positioned on a signalized hard corner visible to 50,000+ VPD and minutes from I-20, with 330,000+ residents within five miles, Pioneer Plaza offers stabilized, grocery-anchored income with embedded growth in one of North Texas's most dynamic retail markets.
Investment highlights
• 104,946 SF, 94% Leased Grocery-Anchored Shopping Center in the Heart of Arlington, TX
• Stabilized Center with 5.1-Years WALT Remaining | Healthy In-Place Cash Flow Plus Upside through
Lease-Up and Mark-to-Market
• Pro-Forma 8.00% Cap | Last 3 Small Shop Space Leases Signed with $0 in Tenant Improvement &
Altitude Signed with Only $15.50/SF | Market TI Packages Will Push Rents to Market
• Recent Leasing Momentum Validating Lease-Up Potential on Remaining Small Shop Space
• Durable Anchor & Longevity I Positive Visitation Trends – 1.2M Annual Visits, +8.3% Year-over-Year
and +12.9% Over Two Years (Placer.ai), Reflecting Sustained Demand for Necessity-Based Retail
• 9.8-Acre Lot Including a Separately Parceled 0.86-Acre Developable Pad Site
• Situated at the SWC of Pioneer Pkwy & S Fielder Rd I Signalized Hard Corner Visible to Over
50,000 VPD & Minutes Away from I-20 (188,400 VPD)
• Extremely Dense Demographics – Over 330,000 Residents in a 5 Mile Radius
• Arlington, TX is Home to AT&T Stadium (Dallas Cowboys), Globe Life Field (Texas Rangers), University of Texas Arlington (40,000 Students), Esports Stadium & Expo Center, Texas Live! Entertainment Complex, and Many Other Major Attractions
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