1201 Bowen Rd Arlington, TX 76013-2207
- Commercial real estate
- 1,480 SF
- 0.75 lot acres
Mar 14, 2025
Current Use by Public Records
- ARLINGTON, TX (S. BOWEN ROAD) / Fast Food Restaurant
Property Details for 1201 Bowen Rd
- Year built
- 2001
- Lot size
- 0.75 lot acres
- Property size
- 1,480 SF
- Property type
- Commercial real estate
- APN
- 22845--7R
- APU
- 228457R
Description
This exceptional investment opportunity presents a 1,468 square foot Sonic restaurant in Arlington, Texas, boasting a 6.00% cap rate and a compelling $2,083,333 asking price. The property, situated on a 0.75-acre lot at 1201 S Bowen Rd, 76013, features a triple-net (NNN) lease with 17 years remaining, expiring November 14, 2041, and commenced November 15, 2021. The lease includes four 5-year renewal options and annual rent bumps of 1.5% starting November 2026. The tenant, Merritt Restaurant Group, the second-largest Sonic franchisee in the U.S., is responsible for all property maintenance, taxes, and insurance. Built in 2003 and renovated in 2024, this location benefits from its position in a high-traffic area with nearby retailers such as Tom Thumb, Bank of America, ALDI, and more, along with proximity to the University of Texas at Arlington. The strong tenant history, long lease term, and attractive cap rate make this a highly desirable investment. The property generates a net operating income (NOI) of $125,000. This is an ideal opportunity for investors seeking a stable, low-maintenance, high-return investment with a nationally recognized brand. The tenant is committed to remodeling the site before January 2025, further enhancing its value and long-term prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1486
- Latitude
- 32.7242
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
