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3160 E Broad St
Mansfield, TX 76063

Bank of America · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
3,800 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.35 AC
Zoning
C1C
Parking
36 Spaces (9.47 Spaces per 1,000 SF Leased)
Frontage
198 FT on E Broad St

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

  • Listing ID: 7381959

  • Date on Market: 5/25/2017

  • Last Updated:

  • Address: 3160 E Broad St, Mansfield, TX 76063