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2000 E Randol Mill Rd 603 Arlington, TX 76011

Drive through restaurants Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US83-2952580

Property summary

AI-generated overview

The local Arlington Entertainment District area has a large established base of businesses, residents, and tourists that frequent this fast food establishment. In addition, the local Fast Food sandwich shop generates additional revenue due to the stadium's and Texas Live's one-block proximity to events. The sandwich shop's customers frequent the restaurant prior to attending a game or concert to save on the cost of food that can be purchased at the events. The location provides space for signage for a nationally recognized Fast Food Restaurant within the Arlington Entertainment District. The Westgate 10-acre business complex supplies a stream of tenant business to the current fast-food restaurant. The City of Arlington and other ongoing business and entertainment projects are spending over $4,000,000,000 on the 3-block area beside the fast food location. Westgate Plaza is Located in the Arlington Entertainment District, which is undergoing a 4 Billion dollar transformation. The City of Arlington’s Entertainment District has seen billions of dollars in investment in the past few years, with more on the way, positioning the District as a world-class sports, entertainment, and convention destination. The space is located one block from Globe Life Field, Chactaw Stadium, Texas Live & The Lowes Hotel. Provide a letter of intent to gain an option on this fast food restaurant space in an exceptional North Arlington, Texas location. The Westgate Business Complex has over 60 Businesses.

Property profile

Verified
Property type Drive through restaurants
UPID US83-2952580

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Tax Preparation
  • Loan Service
  • Electrical Service General Contractor
  • Electronics & Wireless Store

Value estimations

Realmo proprietary · 4 methods
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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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