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

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

920 North Burleson Blvd., Burleson, TX 76028

N/A

114,730 SF | Retail

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Retail Property - Off Market

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

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

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.

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

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

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