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Sublett Crossing Shopping Center 6220-6320 US 287 Hwy

23,470 SF 83% Leased Retail Building Arlington, TX 76001 £4,639,297 (£198/SF) 7.17% Net Initial Yield

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

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
£4,639,297
Price Per SF
£198
Net Initial Yield
7.17%
NOI
£332,638
Percent Leased
83%
Tenancy
Multiple
Number of Floors
1
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
  • Signalised Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 130
  • 3,944 SF
  • Retail
  • End Cap
  • Now

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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07780311
  • 41462173
  • 07780303
  • 07780346
  • 07780354
  • 07780362
Land Assessment
£3,650,151
Improvements Assessment
£7,512,923
Total Assessment
£11,163,074
  • Listing ID: 33718653

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 6220-6320 US 287 Hwy, Arlington, TX 76001

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