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    FOR LEASE
    Banks

    4220 W Green Oaks Blvd, Arlington, TX 76016

    7,254 SF 2.05 ac lot Built 2003
    Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-0495432
    Property summary
    AI-generated overview

    Exceptional investment opportunity featuring a Bank of America branch in Arlington, Texas. This single-tenant, fee-simple property boasts a 6,926 square foot building on a 2.05-acre lot with 63 parking spaces. Built in 2003 and renovated in 2021, the property is zoned for Community Commercial use and features a 24-year lease with a remaining term of 2.9 years, expiring October 31, 2027. The lease includes annual 2% rent bumps, with two 5-year lease options. The current asking price is $5,430,000, representing a 5.63% cap rate and a price per square foot of $784. The property enjoys 100% occupancy since its opening in November 2003, generating a strong NOI of $305,775. Landlord responsibilities are capped at $92,946.92 annually, covering roof and structure maintenance. The tenant, Bank of America, is a credit-rated national institution with substantial deposits exceeding $331,000,000, ranking among the top performers in Tarrant County. The property's location in a high-traffic area along the I-20 corridor offers significant barriers to entry for competitors and potential for future redevelopment given the ample lot size. This presents a secure, high-performing investment with proven rent growth and minimal landlord responsibilities. The recent price reduction makes this an even more compelling opportunity.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2003
    Total area 7,254 SF
    Lot 2.05 ac (89,124 SF)
    APN 34060--1B
    UPID US82-0495432
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bank of America ATM (Drive-thru) Atm Financial Consultant
    • Mortgage, Bank of America Loan Service Bank
    • Bank of America (with Drive-thru ATM) Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $475k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $700k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Lakeland West Capital Xii LLC · 12 yrs held
    Lakeland West Capital Xii LLC
    since 2014
    4 recorded transactions
    2017
    2014
    $50,000
    2014
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $785,000 +19.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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