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El Toro Sinaloense 1520 Nolan Ryan Expy 16,640 SF Retail Building Arlington, TX 76011 $7,708,029 ($463.22/SF) 6.85% Cap Rate
Investment Highlights
- Long Term Lease: Recently Signed 10-year corporate lease with increases throughout the initial term and options.
- The Property is situated less than 1-mile away from AT&T Stadium, Globe Life Field, Six Flags over Texas, and Hurricane Harbor
- Significant daytime and nighttime traffic, driven by sports venues, hotels, tourism, healthcare, and nearby employers
- The subject property sits with prime frontage and visibility on I-30 which sees nearly 130,000 VPD and is one of THE main highway corridors
- Strong proven multi-unit operator, with extensive experience in the restaurant/ bar/ entertainment business.
- Dense surrounding residential base with numerous nearby apartment communities
Executive Summary
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
16,640 SF
Building Class
B
Year Built/Renovated
1980/2022
Price
$7,708,029
Price Per SF
$463.22
Cap Rate
6.85%
NOI
$528,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.04 AC
Zoning
F1
Parking
94 Spaces (5.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06146937 | Improvements Assessment | $2,968,991 |
| Land Assessment | $1,867,984 | Total Assessment | $4,836,975 |
Property Taxes
Parcel Number
06146937
Land Assessment
$1,867,984
Improvements Assessment
$2,968,991
Total Assessment
$4,836,975
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