Brownstone Village

Price: $1,350,000
Sq. Ft.: 9,827
Cap Rate: 8.01%
Built: 2005

Brownstone Village is a 9,827-square foot multi-tenant neighborhood retail center in Arlington, Texas. The center is fully stabilized at 100 percent occupancy, and most of the leases have personal guarantees in place. All current leases are gross, providing upside potential in converting the leases to triple net. Tenants include Marvelous Cakes and Pasteries, New American Bistro, Heautiful Salon, Derma Spa, Healthy Solutions, and The Pilates Effect. The mix of retailers provides an internet-resistant tenant base. Situated on 1.17 acres, the building was originally constructed in 2005 and has been well maintained, offering an attractive facade.

The subject property is located in a dense residential area off of West Abram Street to the east of Bowen Road. Traffic counts are approximately 10,600 vehicles per day in front of the property. The center is across the street from a Kroger grocery store and a Family Dollar-anchored retail strip. The surrounding area enjoys strong demographics, with a five mile population exceeding 270,600 residents and a one mile average household income of approximately $70,000. The University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, Globe Life Park, Arlington Convention Center, Six Flags over Texas and General Motors Assembly Plant are located to the east of the property. Celebrating over six decades in Arlington, General Motors recently announced a $1.4 billion investment in the Arlington Assembly.

  • Multi-Tenant Neighborhood Retail Center
  • Fully Stabilized | 100 Percent Occupied
  • 87 Percent of the Gross Leasable Area has Leases with Personal Guarantees
  • All Current Leases are Gross | Upside Potential in Converting Leases to Triple Net
  • Diversified Tenant Base that is Internet Resistant
  • Newer 2005 Construction | Well-Maintained Building with Attractive Architecture
  • Surrounding Area Enjoys Strong Demograhics | Five Mile Population Exceeds 270,600 Residents | One Mile Average Household Income is Approximately $70,000
  • Near Major Attractions Such as The University of Texas at Arlington, AT&T Stadium, Globe Life Park, Arlington Convention Center, Arlington Memorial Hospital, Six Flags over Texas, and General Motors Assembly Plant
  • General Motors Recently Announced a $1.4 Billion Investment in the Arlington Assembly
  • The City of Arlington Attracts More Than Eight Million Visitors Annually