Arlington Park Square is an 89,494-square-foot, multi-tenant retail center located in desirable area of Arlington, Texas. Flanking both sides of a Fitness Connection gym (not a part), the tenant base is a complementary mix of largely internet-resistant businesses, including Temptations Restaurant, GoPuff Grocery Delivery, Salons by JC, Thai House Restaurant, Clinica, DSG Designz & Events Space, Mofango Restaurant, Domino’s Pizza, Feng Cha Bobba Tea, Flourish Curls, and others. All current leases have triple-net terms, and many have annual rent increases. Originally constructed in 1986, the subject property is situated on two parcels totaling 5.62 acres with ample concrete parking. In addition to the Fitness Connection shadow-anchor, adjacent pad sites (not a part) include Jack in the Box, Williams Chicken, Cane’s, Brident Dental, and Rockfish Seafood Grill.
Arlington Park Square is well positioned in a dense retail trade area at the signalized hard corner of South Cooper Street (86,648 vehicles per day) and West Arbrook Boulevard (21,093 vehicles per day), just north of Interstate 20 (192,180 vehicles per day). The property is easily accessible from multiple ingress and egress points. Arlington Park Square is shadow-anchored by The Parks Mall at Arlington, one of the leading shopping destinations in the Metroplex and third-largest mall in Tarrant County. The Parks Mall features more than 190 stores and is anchored by Dillard’s, Macy’s, JCPenney, Barnes & Noble, Dick’s Sporting Goods, and AMC Theatre. Numerous other national and regional tenants are in the area, including Burlington, Target, TJ Maxx, Academy Sports & Outdoors, Lowe’s Home Improvement, Total Wine & More, Michaels, Best Buy, Sam Moon, McDonald’s, Chili’s Grill & Bar, Fitness Connection, Discount Tire, Pet Supplies Plus, Spec’s Wine, Spirits & Finer Foods, Jared’s, Razzoo’s Panera Bread, and many more.
- 89,494-Square-Foot, Multi-Tenant Retail Center Located in Prime Retail Trade Area
- Value-Add Opportunity | 88% Occupied | All Current Leases are Triple-Net
- Current Average Rents are Below Market
- Diversified Tenant Base Featuring a Complementary Mix of Retail, Restaurants, Office, and Medical Tenants that are Primarily Internet-Resistant Businesses
- Many Leases Include Annual Rent Increases, Providing Year-over-Year Income Growth
- Signalized Hard-Corner Intersection of South Cooper Street and West Arbrook Boulevard | Easily Accessible from Multiple Ingress and Egress Points | High Traffic Counts Exceeding 107,740 Vehicles per Day Cumulatively
- Shadow-Anchored by The Parks Mall at Arlington | Strong Traffic Driver, Hosting 3.8 Million Visitors Annually (Source: Placer.ai) | Anchored by Dillard’s, Macy’s, JCPenney, AMC Theatres, Dick’s Sporting Goods, and Barnes & Noble
- Close Proximity to Arlington Highlands, a Premier Mixed-Use Development | Currently Undergoing a $30 Million Renovation, Including the Addition of a Public Park, Canopied Stage Area for Community Events, and Property Upgrades for Existing and Future Retailers | Residential and Senior Living Developments are Also Under Construction
- Well Positioned to Serve a Dense Residential Population of 334,892 Residents within Five Miles of the Property | Average Household Income is $83,876
- Arlington is Positioned Halfway Between Dallas and Fort Worth | Eight Miles from Dallas/Fort Worth International Airport | Third-Largest City in North Texas
