Matlock Plaza | 7301-7401 Matlock Road
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Matlock Plaza 7301-7401 Matlock Road
21,975 SF 100% Leased Retail Building Arlington, TX 76002 $5,100,000 ($232/SF) 7% Cap Rate
Investment Highlights
- Strong Tenant Retention – Matlock Plaza Has Retained an Impressive 37.21% of Its Rent Roll for 4+ Years, 22.76% for 7+ Years, and 11.38% for 9+ Years
- The Average Suite Size in Matlock Plaza Is Only 1,570 SF, Which Is Among the Most Replaceable Suite Sizes in the Market.
- Priced Below Replacement Cost – At $232/SF, the Center Is Priced Well-Below Replacement Cost.
- Property Benefits From The NNN/Gross, Allowing an Investor the Ability to Replace Gross Leases With NNN Structures, Significantly Increasing Revenues
- With 68% of the Center’s Occupancy in Place Until 2028, an Investor Will Have Ample Time for Potential Replacement While Enjoying Stable Cash-Flow.
Executive Summary
Below Market Rents – The Average Base Rental Rate in the Center Is $16.04/SF, While the Avg. Market Rate for Like Kind in Arlington is $25/SF
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
21,975 SF
Building Class
C
Year Built
2006
Price
$5,100,000
Price Per SF
$232
Cap Rate
7%
NOI
$357,118
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
2.63 AC
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Sam House -
Secure Net Lease
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Matlock Plaza | 7301-7401 Matlock Road
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