This property is Off-Market

4225 Park Springs
Arlington, TX 76016 ·

35,000 SF · Retail For Sale

N/A

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

Price N/A Cap Rate 5.50%
Building Size 35,000 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type Free Standing Bldg Lot Size 35,000 SF
Property Use Type Investment
Listing ID: 14108817 Date Created: 01/27/2005 Last Updated: 04/15/2005

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.

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

Research

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

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