Single-Tenant Retail
For Sale
Contact for pricing
1500 East Interstate 20, Arlington, TX 76018
One-story retail facility supported by a long-term lease with scheduled annual rental increases.
Property Size40,880 SF
Lot Size3.62 Acres
Price / SF$208.24
Days on Market131
Property Features for 1500 East Interstate 20
General Information
Standard status
Active
Size
40,880 SF
Lot size
3.62 Acres
Property subtype
Retail, Industrial, Mixed Use
Occupancy
100%
Building Details
Year Built
2002
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Jeff McKinney · License #MS 15504
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 7:03PM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This single-tenant retail property includes a one-story building totaling 40,880 square feet on 3.62 acres. Constructed in 2002, the facility is occupied by Texas Appliance Supply, Inc. and is located at 1500 East Interstate 20 in Arlington, Texas.
The lease has twelve years remaining and provides for 3% annual rental increases. Four additional five-year renewal options are also included, establishing a defined lease structure for the property.
The lease has twelve years remaining and provides for 3% annual rental increases. Four additional five-year renewal options are also included, establishing a defined lease structure for the property.
Key Highlights
- 40,880‑square‑foot one‑story retail building
- Situated on 3.62 acres
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$562,874
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,257,480
$11.3M
Cap Rate 7%
$8,041,057
$8.0M
Cap Rate 9%
$6,254,156
$6.3M
Market Conditions
NOI Build-Up for 40,880 SF
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.
Gross rent
$843.8K $20.64/SF
− Vacancy
−$39.7K −$0.97/SF
EGI
$804.1K $19.67/SF
− OpEx
−$241.2K −$5.90/SF
NOI
$562.9K $13.77/SF
Area
Arlington, TX
Vacancy
4.70%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,257,480
Cap Rate 7%
$8,041,057
Cap Rate 9%
$6,254,156
Alternative Uses
Best Use
Retail
$8.04M
$7.04M – $9.38M
NOI $562,874 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.05M
$10.55M – $14.06M
NOI $843,763 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
812k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 22%
Apparel 19%
Electronics 8%
Walmart
Superstores
179,497 visits/mo
0.5 miles
Macy's
Apparel
93,263 visits/mo
0.5 miles
In-N-Out Burger
Dining
56,935 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
56,609 visits/mo
0.2 miles
Chick-fil-A
Dining
53,751 visits/mo
0.5 miles
Demographics for 76018, TX
27,784
Population
8,842
Households
3.1
Avg Household Size
35
Median Age
27%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,517
Density / Sq Mi
$84,183
Median Household Income
$41,012
Median Earnings
$1,855
Median Rent
$245,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - One-story retail facility supported by a long-term lease with scheduled annual rental increases.
Where is this storefront property located?
The property is located at 1500 East Interstate 20 Arlington, TX.
What is the asking price?
The asking price for this property is $8,513,000.
What are key features of this property?
This property features: 40,880‑square‑foot one‑story retail building; Situated on 3.62 acres; Built in 2002
