Arlington, TX - Boston's Gourmet Pizza 2501 E. Lamar Boulevard, Arlington, TX Cap Rate 5.5% Arlington ( Texas, US ) Built

$3,699,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 8,000 sq. ft.
  • Development Level: Built
  • Year Built: 2007

Description

Arlington, TX - Boston's Gourmet Pizza 2501 E. Lamar Boulevard, Arlington, TX Cap Rate 5.5%

Cap Rate: 5.5%
NOI: $203,448
Building Size: 8,000 sqft
Occupancy: 100%
Year Built: 2007

Precio: $3,699,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Boston’s Gourmet Pizza investment property located in Arlington, Texas (Dallas-Fort Worth MSA). The tenant, Arlington BPR Pizza, Inc., has more than 12 years remaining on the initial term, demonstrating their commitment to the site. The lease features an approximate 13.82% rental increase in January 2022 and 10% rental increases in August 2023 as well as August 2028, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located along E Lamar Blvd, a major commuter corridor averaging 31,000 vehicles passing by daily. The property benefits from nearby direct on/off ramp access to Interstate 30 (140,000 VPD) and State Highway 360 (183,000 VPD), two primary commuter thoroughfares traveling through Dallas-Fort Worth MSA. The site is ideally situated within 1 mile north of Six Flags Over Texas (217 acres), the largest theme park in Dallas-Fort Worth MSA with 604.9K estimated visits annually. The asset is within close proximity to AT&T Stadium, the home of the Dallas Cowboys with a maximum capacity of 105,000 and 856.6K estimated visits annually. Nearby national/credit tenants include Walmart Supercenter, The Home Depot, Whole Foods Market, Kroger, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the property is surrounded by several hotels including Hilton Arlington (308 Rooms), Hawthorn Suites by Wyndham (129 Rooms), Residence Inn by Marriott Arlington (114 Rooms), and more, providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 266,000 residents and 148,000 daytime employees. Residents within 1 mile of the subject property feature an average household income of $68,680.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#442580710
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Information is deemed to be correct but not guaranteed.