7301-7401 Matlock RdArlington, TX 76002
14-Tenant Shopping Center, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Below-market rents: Average rent is $16.04/SF, significantly below the $25+/SF market rate, offering substantial upside potential.
- Strong tenant retention: 37.21% of leases are for 4+ years, 22.76% for 7+ years, and 11.38% for 9+ years.
- Mix of NNN and gross leases: Provides opportunity to convert gross leases to NNN, increasing revenue.
- Highly leasable suite sizes: Average suite size is 1,570 SF, highly desirable in the market.
- Long-term leases: 68% of occupancy is secured through 2028, ensuring stable cash flow.
- Below replacement cost pricing: Priced at $232/SF, below replacement cost.
Property Details for 7301-7401 Matlock Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 21,975 SF
- Class
- B
- Year Built
- 2006
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 147,233 SF
- Units
- 14
Location Insight
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Latitude
- 32.6261143
- Longitude
- -97.1145316
Nearby Similar for Sale
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