920 North Burleson Blvd.
Burleson, TX 76028 ·
114,730 SF · Retail For Sale
Lowe's (Part of Texas-NM Retail Portfolio)
|Building Size||114,730 SF||No. Stories||1|
|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|
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.
- 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
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