Historical Retail Sale Listing - 7-Eleven Ground Lease (5.5 CAP w/Bumps)

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7-Eleven Ground Lease (5.5 CAP w/Bumps)

4225 Park Springs, Arlington, TX 76016

N/A

35,000 SF | Retail

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7-Eleven

Retail Property - Off Market

Price:
N/A
Building Size:
35,000 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Investment
Cap Rate:
5.50%
Tenancy:
Single
Property on Ground Lease?:
Yes
Lot Size:
35,000 SF
Listing ID
14108817
Last Updated
over 1 year ago

Highlights

  • 15-Year - Unsubordinated Ground Lease
  • $25/Square Foot to the "Dirt"
  • 12% Bumps Every 5 Years
  • Hard Corner Location - Fronting Interstate 20
  • Lease Commenced February 1st, 2003
  • Population >250,000 within 5 miles

Description

12% Rent Bumps every 5 years. 2003 Construction. Unsubordinated, 15-year ground lease with 7-Eleven! Hard corner, fronting Interstate 20 (NW corner at Park Springs) in Arlington, Texas.

Arlington is halfway between Dallas and Fort Worth in east Tarrant County. It was founded in 1876 on the Texas and Pacific Railway as a market town for the surrounding farms.

More than 332,000 people call Arlington home. For fun and excitement, an additional 6.5 million visitors choose Arlington each year. Home to the Texas Rangers, the original Six Flags Over Texas and much more, Arlington has become a center for family entertainment, educational excellence, cultural resources and events.

Map of 4225 Park Springs, Arlington, TX 76016 (Tarrant County)

Research for 4225 Park Springs, Arlington, TX 76016 (Tarrant County)

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Created 1/27/2005