2425 Division St Arlington, TX 76012-3611
- Grocery and convenience stores
- 4,847 SF
- 1.46 lot acres
Current Use by Public Records
- Amazon Locker - Psychoanalyst / Shipping And Mailing Service
- ATM Transfund / Atm / Bank
- QuikTrip / Beer Store / Breakfast Restaurant
Property Details for 2425 Division St
- Year built
- 2002
- Lot size
- 1.46 lot acres
- Property size
- 4,847 SF
- Property type
- Grocery and convenience stores
- APN
- 41940--35R
- APU
- 4194035R
Description
This exceptional investment opportunity presents a fee-simple ownership of a QuikTrip convenience store and gas station in Arlington, Texas, within the Dallas-Fort Worth MSA. Located at 2425 W Division St, 76012, this Class A property boasts 4,847 square feet on a 1.46-acre lot, featuring 20 gas pumps and 47 parking spaces. Built in 2002 and renovated in 2016, the property benefits from a strong, 100% occupancy rate under an absolute NNN lease with a corporate guarantee from QuikTrip Corporation. The lease, commencing November 1, 2018, and expiring October 31, 2033, has approximately 8.9 years remaining, with ten 5-year renewal options and rent bumps. The property generates a Net Operating Income (NOI) of $150,300, resulting in a 5.00% cap rate. Strategically positioned at a signalized intersection with high daily traffic volume, this property offers a passive investment opportunity with significant potential for bonus depreciation. The property's proximity to AT&T Stadium, Globe Life Field, and Texas Live! further enhances its value and potential for strong returns. This is a single-tenant property with a proven track record and a secure, long-term lease. The asking price is $3,006,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
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Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1485
- Latitude
- 32.7364
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA