Technical
Financial
Distress signals
Property profile

704 Pioneer Pkwy Arlington, TX 76010

OFF-MARKET
Community centers
Property ID
US82-0531788
2,760 SF 0.34 ac lot Built 1974
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located at 704 E Pioneer Pkwy, Arlington, TX 76010, a highly visible corner on Collins and East Pioneer Parkway. The 2,760 square foot, single-story building sits on a 0.34-acre lot (14,998 sq ft) and was built in 1979. Currently operating as Los Pastores Mexican Restaurant, this Class C property boasts a long-standing tenant with a lease in place until at least November 1, 2025. The existing lease is extendable, providing a solid foundation for a new operator. The building is in good condition and offers significant potential for a variety of restaurant concepts. This prime location benefits from high traffic counts, ensuring excellent visibility and accessibility for customers. Interested parties should be prepared to negotiate a sublease for the remainder of the current lease term and a new lease thereafter. The property owner is not interested in selling the building. This presents a unique chance to acquire a well-established restaurant space in a thriving Arlington location. The building's 2,760 square feet of net rentable space provides ample room for operations and potential expansion. This is an ideal opportunity for an experienced restaurateur seeking a turnkey operation or a new concept looking for a strong location with established customer traffic.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1974
Total area 2,760 SF
Lot 0.34 ac (14,998 SF)
APN 21010--1B3
UPID US82-0531788

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

704 Pioneer Pkwy Arlington, TX 76010-6329
Arlington metro Census 122802 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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