2301 Rio Grande Blvd Euless, TX 76039
- Lifestyle centers
- 86,250 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 2301 Rio Grande Blvd
- Year built
- 2024
- Property size
- 86,250 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, 86,250-square-foot shopping center in Euless, Texas, currently 100% occupied by an At Home store under a 15-year net lease (NN) commencing March 30, 2024, and expiring March 30, 2039. The property boasts a strong net operating income (NOI) of $1,360,520, representing an attractive 8.00% capitalization rate based on the asking price of $17,006,500. The lease includes five 5-year renewal options, with a 10% rent increase every five years throughout the base term and each renewal option. This is a relocation of a successful, ten-year-old At Home store located less than six miles away, mitigating relocation risk. The property benefits from a substantial $1,360,000 security deposit. Built in 2024, this build-to-suit location enjoys high visibility and traffic, ranking in the top 2% of shopping centers in Texas and nationally, according to Placer.AI data, with approximately 6.4 million annual visitors. The price per square foot is $197.18. This represents a secure, long-term investment with significant upside potential due to the built-in rent escalations. The property is located at 2301 Rio Grande Blvd, Euless, TX 76039, in Tarrant County.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Euless
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1036
- Latitude
- 32.8693
