2301 Rio Grande Blvd, Euless, TX 76039

Property Details for 2301 Rio Grande Blvd

Year built

2024

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.

Location Insight

City

Euless

County

Tarrant

State

Texas

Longitude

-97.1036

Latitude

32.8693