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7301 Matlock Rd Arlington, TX 76002

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For Sale
$5,100,000

Retail property with below-market rents and strong tenant retention.

Property size:
21,975 SF
Lot size:
2.65 Acres

Property Features for 7301 Matlock Rd

General Information

Size
21,975 SF
Lot size
2.65 Acres

Source: Secure Net Lease - Dallas Agent Sam House

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Arlington Retail Investment Opportunity

This retail property, known as Matlock Plaza, is positioned along the Southern Matlock Road corridor and benefits from high visibility with over 38,000 vehicles passing by daily. The average suite size is 1,570 square feet. The property features a mix of NNN and gross lease structures. The average base rental rate in the center is $16.04 per square foot, while the average market rate for similar shopping centers in Arlington is $25 per square foot or higher. The property has demonstrated strong tenant retention, with 37.21% of the rent roll retained for four or more years, 22.76% for seven or more years, and 11.38% for nine or more years. With 68% of the center's occupancy in place until 2028, there is potential for replacement while maintaining stable cash flow. The property is priced below replacement cost at $240 per square foot. The property size is 21,975 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Hair Studio by ... Hair Salon Rice Xpress Chinese Restaurant Donuts & Cafe Donut Shop GRB EMPIRES LLC. Perfume Store Kidz R Luv ... Child Care Agency

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Auto Paint, Four Corners Shopping Center, Graham Station, Cooper Street Commons, Pecan Plaza

Location Insight

  • Map
  • Local Demand
City
Arlington
County
Tarrant
State
Texas
Longitude
-97.1145797
Latitude
32.6261795

FAQs

What type of property is this?
Shopping center - Retail property with below-market rents and strong tenant retention.
Where is this shopping center located?
The property is located at 7301 Matlock Rd Arlington, TX.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: - High Visibility: Positioned on Matlock Road with over 38,000 vehicles per day.; - Stable Cash-Flow: Enjoy stable cash flow with 68% occupancy in place until 2028.; - Strong Tenant Retention: Impressive tenant retention rates with a significant portion of the rent roll retained for multiple years.
More about this property
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