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- LoopNet Team
3611 S Cooper St
Arlington, TX 76015
Single tenant NNN Office Depot - Arlington TX · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
ABOUT 3611 S COOPER ST , ARLINGTON, TX 76015
Single tenant NNN Office Depot in a great location on one of Arlington's busiest streets just south of the University of Texas - Arlington campus (34,000+ students).Tenant since 1990 with less than 1 year left on Lease and two 5-year renewal options with built-in rent increases. Office Depot just hired a new store manager and is moving forward with exterior renovation, following a recent resurfacing of the parking area.Option 1: 10% increase, Option 2: 5% increase.Current tenant is paying a below-market rent of $10.21 psf in an area of Arlington where comparable rents are in the $20-23 psf range. This creates a strong incentive against any long-term tenant exits and allows prospective buyer to acquire the land and building for below replacement cost. Located in the heart of the busy South Arlington Retail Corridor. One-quarter mile north on S. Cooper Street from The Parks at Arlington Mall. High visibility on a high traffic street with 85,000+ VPD.
PROPERTY TAXES
| Parcel Number | 06427103 | Improvements Assessment | $1,641,269 |
| Land Assessment | $940,115 | Total Assessment | $2,581,384 |
PROPERTY TAXES
