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    Arlington Retail Investment Opportunity Title is generated by Realmo AI

    7301 Matlock Rd, Arlington, TX

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

    Type:RETAIL
    Property size:
    21,975 SF
    Lot size:
    2.65 Acres
    Price / SF:
    $232/SF
    Added:
    Sep 24, 2024
    Days on Market:
    623
    Last Refresh:
    May 20 at 9:16 pm

    Property Features for 7301 Matlock Rd

    General Information

    Standard status
    Active
    Size
    21,975 SF
    Lot size
    2.65 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Sam House
    Sam House

    Listing agent Sam House

    Listing office Secure Net Lease - Dallas

    Listing date Sep 24, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas

    HighLights

    • 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.
    • Below Market Rents: Average base rental rate is $16.04/SF compared to the Arlington market rate of $25/SF+.
    • Priced Below Replacement Cost: The center is priced at $240/SF.
    • NNN/Gross Lease Structures: Offers the potential to increase revenues by replacing Gross Leases with NNN structures.

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $453.6k $20.64
    − Vacancy −$21.3k −$0.97
    EGI $432.2k $19.67
    − OpEx −$129.7k −$5.90
    NOI $302.6k $13.77
    21,975 SF · lease $20.64/SF/yr · vacancy 4.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.32M
    $3.78M – $5.04M (±1% cap)
    NOI $302,573 @ 7.0% cap · market cap 5.93%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.48M
    $5.67M – $7.56M (±1% cap)
    NOI $453,564 @ 7.0% cap · market cap 8.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hair Studio by ... Hair Salon Rice Xpress Restaurant Donuts & Cafe Bakery GRB EMPIRES LLC. Cosmetic Store Kidz R Luv ... Daycare Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Auto Paint — 1103 california ln, arlington, tx 76015
    • Four Corners Shopping Center — 2221 S Cooper St, Arlington, TX 76013
    • Graham Station — 2800-2832 S Cooper St, Arlington, TX 76015
    • Cooper Street Commons — 1000-1100 W Arkansas Ln, Arlington, TX 76013
    • Pecan Plaza — 820 Secretary Dr, Arlington, TX 76015

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1146
    Latitude
    32.6262

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    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.
    (214) 522-7200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam House
    Sam House
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