This Retail Property is Off-Market.

920 North Burleson Blvd.
Burleson, TX 76028 ·

114,730 SF · Retail For Sale

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Lowe's (Part of Texas-NM Retail Portfolio)

Price N/A Occupancy 100%
Building Size 114,730 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 1996
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 18.22 AC
Cap Rate 6.94% Parking Ratio 5.50 / 1,000 SF
Listing ID: 15359070 Date Created: 09/27/2007 Last Updated: 07/21/2011

Description

Lowe's Home Improvement Center built in 1996 with nearly ten years primary lease term remaining. The property contains a 114,730 sf store situated on 18.22 acres at a high-visibility retail location along Interstate 35W in the Dallas/Fort Worth suburb of Burleson, Texas. Property shares in additional sublease income from a ground sublease to IHOP on the property (which the owner shares 50/50 with Lowe's) and the property contains an additional pad site fronting Interstate 35W, for which the owner can share in additional ground lease income with Lowe's.

The Property is located near the intersection of Albury Boulevard and Interstate 35W, the primary concentration of major retailers in the Dallas/Fort Worth suburb of Burleson.

Highlights

  • Top Retail Location in DFW Suburb of Burleson, Texas
  • Shares in Additional Ground Sublease Income on Ground Lease to IHOP
  • Additional Pad Site on the Tract for Future Additional Ground Lease Income

Research

920 North Burleson Blvd., Burleson, TX 76028 (Johnson County)

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