Sublett Crossing Shopping Center | 6220-6320 US 287 Hwy
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Sublett Crossing Shopping Center 6220-6320 US 287 Hwy
23,470 SF 83% Leased Retail Building Arlington, TX 76001 $5,910,000 ($252/SF) 7.17% Cap Rate
Investment Highlights
- • Convenient location with quick access to Highway 287 between Fort Worth and Dallas
- • Signalized intersection at W Sublett Road and Highway 287
- • Located approximately 10 miles southeast of Fort Worth and 30 miles southwest from Dallas
- • Multiple access points from both W Sublett Road and Highway 287 frontage road
Executive Summary
• Convenient location with quick access to Highway 287 between Fort Worth and Dallas
• Located approximately 10 miles southeast of Fort Worth and 30 miles southwest from Dallas
• Signalized intersection at W Sublett Road and Highway 287
• Multiple access points from both W Sublett Road and Highway 287 frontage road
• Multiple large higher-end apartments and numerous dense residential neighborhoods in the surrounding area
• High parking ratio allows the ability to lease to tenants with higher parking usages and potentially higher rent
• Brick construction and nice tenant signage with pylon sign located at the property entrance
• Located approximately 10 miles southeast of Fort Worth and 30 miles southwest from Dallas
• Signalized intersection at W Sublett Road and Highway 287
• Multiple access points from both W Sublett Road and Highway 287 frontage road
• Multiple large higher-end apartments and numerous dense residential neighborhoods in the surrounding area
• High parking ratio allows the ability to lease to tenants with higher parking usages and potentially higher rent
• Brick construction and nice tenant signage with pylon sign located at the property entrance
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,470 SF
Building Class
B
Year Built/Renovated
2003/2006
Price
$5,910,000
Price Per SF
$252
Cap Rate
7.17%
NOI
$423,747
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.15
Land Acres
3.60 AC
Parking
306 Spaces (13.04 Spaces per 1,000 SF Leased)
Frontage
737 FT on US 287 HWY
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2nd gen gym. Previously Anytime Fitness Can be demised into 2 (two), 2,000 SF Suites
| Space | Size | Space Use | Position | Available |
| 130 | 3,944 SF | Retail | End Cap | Now |
130
| Size |
| 3,944 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
130
| Size | 3,944 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
2nd gen gym. Previously Anytime Fitness Can be demised into 2 (two), 2,000 SF Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,570,713 | |
| Land Assessment | $4,649,927 | Total Assessment | $14,220,640 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,649,927
Improvements Assessment
$9,570,713
Total Assessment
$14,220,640
-
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Marc Peeler -
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Sublett Crossing Shopping Center | 6220-6320 US 287 Hwy
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