3160 E Broad St
Mansfield, TX 76063
Bank of America · Retail Property For Sale
![3160 E Broad St, Mansfield, TX for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/C1kwIMU7ufdHzT7a-5aIpHivLdhZCfnMtw4N10SzRyM/110/3160-E-Broad-St-Mansfield-TX-Primary-Photo-1-Large.jpg)
PROPERTY FACTS
ABOUT 3160 E BROAD ST , MANSFIELD, TX 76063
The subject property is a 3,800-square foot newly constructed Bank of America building in Mansfield, Texas. The brand new 15-year absolute net lease has a corporate guarantee from one of the world' s leading financial institutions, publicly traded on the New York Stock Exchange (BAC). The lease has 10 percent rent escalations scheduled every five years, including at the beginning of each of the nine, five-year options for renewal. Situated on 1.35 acres, the property will include a drive thru with an ATM machine. The subject property is located in a rapidly developing area on East Broad Street about a quarter of a mile west of Texas Highway 360. Traffic counts are approximately 25,700-vehicles per day on Broad Street and over 21,400-vehicles per day on Hwy 360. Area traffic generators include Kroger Marketplace, Vernon Newsom Stadium, Big League of Dreams ballpark, Hawaiian Falls, Mansfield and Lake Ridge High Schools, and Methodist Mansfield Medical Center. A proposed site for a 25,000+ square foot retail center sits directly across from the subject property. Other neighboring retailers include Chick-fil-A, Starbucks, Taco Casa, Whataburger, Chase Bank, RaceTrac, Kwik Kar, Walgreens, DaVita Dialysis, and Rosa' s Café. The surrounding area has phenomenal demographics, with a one mile average household income of $140,300 and over 118,000 residents within five miles.
PROPERTY TAXES
Parcel Number | 42229454 | Improvements Assessment | $1,045,210 |
Land Assessment | $942,290 | Total Assessment | $1,987,500 |
Listing ID: 7381959
Date on Market: 5/25/2017
Last Updated:
Address: 3160 E Broad St, Mansfield, TX 76063
The Retail Property at 3160 E Broad St, Mansfield, TX 76063 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.