DISPLAYS, LLC. (ARLINGTON, TX)

SINGLE TENANT

626 106TH STREET, ARLINGTON, TX 76011
Price :
$ 3,199,000
Cap Rate :
7.50%
NOI :
$ 240,000
Lot Size :
2.41 acres
Year Built :
1970
Property Area :
58,016 sqft
Status :
PENDING CONTRACT
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

  • Single-Tenant Industrial Warehouse Situated on 2.41 Acres Providing Ample Amount of Parking and Outside Storage Area
  • Approximately One Year Remaining on an Absolute Net Lease with Zero Landlord Responsibilities, Corporate Guarantee and Two, Five-Year Renewal Options
  • Tough Barrier-to-Entry Industrial Market: 3.90% Vacancy with Rents Rising 5.8% Annually (CoStar)
  • Strategically Located between Dallas and Fort Worth with Proximate Access to Major Freeways Including Interstate 30, Highway 360 and President George Bush Turnpike
  • Subject Asset Features 19’ Clear Height, Seven Grade Level Doors, 3 Dock High Doors, 2nd Story Office Area and Heavy Power Throughout

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 626 106th Street in Arlington, Texas, leased to Displays, LLC. The subject property consists of approximately 58,016 square feet of space and is situated on 2.41 acres of land. The asset features 19’ clear height, seven grade-level doors, three dock-high doors, a second story office area, 80 parking spaces, and heavy power. The acreage provides ample parking for employees and customers with fenced-in outside storage area. The one-year absolute-net lease creates the opportunity for an investor to renew the current tenant for an additional five years, or to replace the tenant and take advantage of 5.8 percent reported annual rental increases for the submarket (CoStar). The tough barrier-to-entry in the Lower Great Southwest submarket creates tenant competition due to the 3.90 percent vacancy (CoStar). The subject asset has easy access to both Dallas and Fort Worth, and is proximate to major freeways including Interstate 30, Highway 360, and President George Bush Turnpike.

Lower Great Southwest was one of the original industrial nodes in North Texas and is home to a high concentration of manufacturing tenants. Over 80 percent of Lower Great Southwest’s total inventory was built before 1990. However, what this submarket lacks in modern space, it makes up for with location and proximity to the manufacturing core, attracting many tenants. In terms of accessibility, the submarket provides east/west passage to significant population centers via I-20 and I-30 and direct access to the Dallas/Fort Worth International Airport via Highway 360 and the President George Bush Turnpike.

As the 50th largest city in the United States, Arlington is home to five public school districts and three universities. Its prime location at the center of the DFW Metroplex, pro-business environment, and extensive track record of handling large-scale developments makes Arlington an ideal place for business (arlingtontx.gov). Arlington has a steadily decreasing unemployment rate and steady population increase for the area. Top employers in the Arlington market include University of Texas at Arlington, General Motors Co., Texas Health Resources, Six Flags Over Texas, and GM Financial. Popular attractions include Cowboys AT&T Stadium, Globe Life Park (Texas Rangers), Hurricane Harbor, and Lake Arlington.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060207)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Sam Martin
(972) 755-5198
Lic # TX : 707514

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