www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34522681
34522661

3701-3775 South Cooper Street, Arlington, TX 76015 For Sale

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$25,563,600
0 days on market
Updated 0 days ago

Arlington Park Square

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 88,494
Units 36
Cap Rate 7.54%
NOI $1,926,664
Occupancy 93%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.15%
Pro-Forma NOI $2,083,013
Price per SqFt $289
Year Built 1986
Acreage 5.610
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Retail | 7.54% CAP | 88,494 SqFt

Marketing description

Arlington Park Square is an 88,494-square-foot, multi-tenant retail center located in desirable area of Arlington, Texas. Flanking both sides of a Fitness Connection gym (not a part), the tenant base is a complementary mix of largely internet-resistant businesses, including Temptations Restaurant, GoPuff Grocery Delivery, Salons by JC, Thai House Restaurant, Clinica, DSG Designz & Events Space, Mofango Restaurant, Domino's Pizza, Feng Cha Bobba Tea, Flourish Curls, Bobby Ray's Dance Hall, and others. All current leases have triple-net terms, and many have annual rent increases. Originally constructed in 1986, the subject property is situated on two parcels totaling 5.62 acres with ample concrete parking. In addition to the Fitness Connection shadow-anchor, adjacent pad sites (not a part) include Jack in the Box, Williams Chicken, Cane's, Brident Dental, and Rockfish Seafood Grill.

Arlington Park Square is well positioned in a dense retail trade area at the signalized hard corner of South Cooper Street (86,648 vehicles per day) and West Arbrook Boulevard (21,093 vehicles per day), just north of Interstate 20 (192,180 vehicles per day). The property is easily accessible from multiple ingress and egress points. Arlington Park Square is shadow-anchored by The Parks Mall at Arlington, one of the leading shopping destinations in the Metroplex and third-largest mall in Tarrant County, driving over eight million visits annually. The Parks Mall features more than 190 stores and is anchored by Dillard's, Macy's, JCPenney, Barnes & Noble, Dick's Sporting Goods, and AMC Theatre. Numerous other national and regional tenants are in the area, including Burlington, Target, TJ Maxx, Academy Sports & Outdoors, Lowe's Home Improvement, Total Wine & More, Michaels, Best Buy, Sam Moon, McDonald's, Chili's Grill & Bar, Fitness Connection, Discount Tire, Pet Supplies Plus, Spec's Wine, Spirits & Finer Foods, Jared's, Razzoo's Panera Bread, and many more.

Investment highlights

  • 88,494-Square-Foot, Multi-Tenant Retail Center Located in Prime Retail Trade Area
  • Value-Add Opportunity | 93% Occupied | All Current Leases are Triple-Net
  • Current Average Rents are Below Market
  • Diversified Tenant Base Featuring a Complementary Mix of Retail, Restaurants, Office, and Medical Tenants that are Primarily Internet-Resistant Businesses
  • Many Leases Include Annual Rent Increases, Providing Year-over-Year Income Growth
  • Signalized Hard-Corner Intersection of South Cooper Street and West Arbrook Boulevard | Easily Accessible from Multiple Ingress and Egress Points | High Traffic Counts Exceeding 107,740 Vehicles per Day Cumulatively
  • Shadow-Anchored by The Parks Mall at Arlington | Strong Traffic Driver, Hosting 8.1 Million Visits Annually (Source: Placer.ai) | Anchored by Dillard's, Macy's, JCPenney, AMC Theatres, Dick's Sporting Goods, and Barnes & Noble
  • Close Proximity to Arlington Highlands, a Premier Mixed-Use Development | Currently Undergoing a $30 Million Renovation, Including the Addition of a Public Park, Canopied Stage Area for Community Events, and Property Upgrades for Existing and Future Retailers | Residential and Senior Living Developments are Also Under Construction
  • Well Positioned to Serve a Dense Residential Population of 334,892 Residents within Five Miles of the Property | Average Household Income is $83,876
  • Arlington is Positioned Halfway Between Dallas and Fort Worth | Eight Miles from Dallas/Fort Worth International Airport | Third-Largest City in North Texas

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,926,664.00
$160,555.33/mo

Valuation Metrics

0
DSCR
7.54%
Cap Rate
7.54%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591