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Aspen Dental/Sleep Number 1670 Interstate 20 W

7,000 SF Retail Building Arlington, TX 76017 £5,396,741 (£771/SF) 5.50% Net Initial Yield

Executive Summary

Rare Opportunity to Acquire 2 Single Tenant Buildings on one of the busiest thoroughfares in DFW – Interstate 20/S. Cooper St.
Both Tenants are on NNN Leases and allow for a full pass through of expenses – Passive Investment Vehicle.
Both Tenants are on NNN Leases and allow for a full pass though of expenses, Including management, to allow as a Passive Investment Vehicle
Sleep Number has already been established in the market for 14 years and relocated from within the Parks Mall to free standing retail site in 2020.
Sleep Number has 2% Annual Increases in their Lease, allowing Compound Return year over year.
Aspen Dental has a Scheduled 10% rental increase in 2026 and every 5 years.
Combined Vehicle Traffic over 255,000 along Cooper and Interstate 20 make this one of the most desirable corners in Dallas-Fort Worth MSA.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,000 SF
Building Class
B
Year Built
2021
Price
£5,396,741
Price Per SF
£771
Net Initial Yield
5.50%
NOI
£296,678
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
1.70 AC
Zoning
Food Service General
Parking
48 Spaces (6.86 Spaces per 1,000 SF Leased)
Frontage
507 ft on Interstate 20 W

Amenities

  • Dedicated Turn Lane

Nearby Major Retailers

Olive Garden Italian Rstrnt
Five Guys
Red Lobster
Portillo's
La Madeleine
Outback Steakhouse
On the Border
WinCo Foods
El Fenix
Pei Wei

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06556973
Land Assessment
£364,661
Improvements Assessment
£34,708
Total Assessment
£399,369
  • Listing ID: 33945436

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 1670 Interstate 20 W, Arlington, TX 76017

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