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3611 S Cooper St
Arlington, TX 76015
Single tenant NNN Office Depot - Arlington TX · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
25,160 SF
Building Class
B
Year Built
1990
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.29
Lot Size
1.96 AC
Zoning
CS, Arlington
Parking
97 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
238’ on Cooper

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

PROPERTY TAXES

Parcel Number
06427103
Land Assessment
$940,115
Improvements Assessment
$1,641,269
Total Assessment
$2,581,384
  • Listing ID: 3611552

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 3611 S Cooper St, Arlington, TX 76015

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