2500 Pioneer Pkwy Arlington, TX 76010-8786

Property Details for 2500 Pioneer Pkwy

Year built

1993

Lot size

0.80 lot acres

Property size

2,860 SF

Property type

Retail space

APN

32475-A-2

APU

32475A2

Description

This exceptional investment opportunity presents a brand-new, 1,500-square-foot Take 5 Oil Change located at 2500 W Pioneer Pkwy, Pantego, TX 76013. Situated on a 24,176-square-foot lot in a high-traffic area with 50,000 vehicles per day, this property benefits from its prime location at the southwest corner of Pioneer Parkway and Bowen Road, providing convenient access to a Walmart shopping center. The property boasts a Class A building constructed in 2024, featuring a single story and 100% occupancy since its opening on September 27, 2024. The absolute NNN lease includes a corporate guarantee, offering significant security for investors. The lease features a strong 5.35% cap rate with a Net Operating Income (NOI) of $100,000. The asking price is $1,869,000, translating to a price per square foot of $1,246. Rent increases are structured with 10% bumps every five years, ensuring consistent growth in rental income. The lease term includes three five-year options, providing long-term stability. Furthermore, this property is a ground lease with 15 years remaining on the ground lease. This is a single-tenant property with a strong tenant in place, making it an attractive investment for those seeking a low-risk, high-return opportunity in the thriving DFW market.