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Arlington Retail Investment Opportunity

7301 Matlock Rd, Arlington, TX

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For Sale

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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

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.

We can help!

Listing Contact

Sam House

For Sale

Contact for pricing

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:: 624
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

We can help!

Listing Contact

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

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

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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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.

7301 Matlock Rd, Arlington, TX

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

Property Features for 7301 Matlock Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Two Single-Story Office Buildings

Turnkey Assisted Living Facility

Drive-Through Restaurant with 2023 Build

Corner Lot Office Building

Fully Leased Multi-Tenant Retail Building

Corner Massage School Facility

Dual-Building Office Campus

Side-by-Side Duplex Rental Portfolio

Side-by-Side Duplex Rental Portfolio

Eight-Unit Duplex Rental Portfolio

Side-by-Side Duplex Portfolio

Freestanding Office Building with Fenced Yard

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