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0 Mayfield Rd Arlington, TX 75052

OFF-MARKET Land Google Maps
0.96 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial land parcel, located on E Mayfield Rd in Grand Prairie, Texas (Tarrant County, zip code 75052), offers a unique ground lease opportunity. The site boasts a size ranging from 0.955 to 2.58 acres, providing flexibility to accommodate various development needs. Situated at a signalized intersection, this property benefits from excellent visibility and accessibility. The location is strategically positioned near major retail anchors, including a new IKEA, future Bass Pro Shops, and future Andretti Indoor Karting, ensuring high traffic volume and strong consumer draw. Further enhancing its appeal, the area is experiencing significant residential growth, with over 2,000 new multifamily units either recently completed or currently under construction within a one-mile radius. Utilities are available on-site, and the property features convenient left-in/left-out access. The asking price for the ground lease is $160,000 per year for an initial 15-year term, with options for extension and built-in rent increases. The favorable zoning makes this an exceptional investment opportunity for quick-service restaurants (QSRs) or banking institutions. The APN is 28978880060010000. Site size can be adjusted to meet specific requirements.

Property profile

Verified
Property type Land
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

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

Value estimations

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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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