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1315 N Collins St
Arlington, TX 76011
7-Eleven Ground Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 1315 N COLLINS ST , ARLINGTON, TX 76011
The subject property is a corporate 7-Eleven ground lease with a 4,000 square foot 7-Eleven planned for construction. The site is conveniently located between Interstate 30 and Cowboy Stadium on Collins Street. This location has superb traffic counts with 24,000 VPD on Collins that sees large daily increases during events at AT&T stadium (Dallas Cowboys) or Globe Life Park (Texas Rangers). The ground lease has a 15-year primary term lease with 10% rental increases every five years. In addition, the lease contains 3, 5-year options that also increase 10% in each term. The lease is absolute NNN with no pass-through cost to the owner of the property. At $40 PSF to the building, the rent is in line with the market and considered replaceable by market standards. In summary, this site offers superior location, excellent credit, and a strong but replaceable rent. The asking price has been set at $3,370,000 representing a 4.75% cap rate.
PROPERTY TAXES
| Parcel Number | 03143856 | Improvements Assessment | $1,179,300 |
| Land Assessment | $1,007,700 | Total Assessment | $2,187,000 |
PROPERTY TAXES
