College Plaza

Price: $1,960,000
Sq. Ft.: 6,590
Cap Rate: 8.00%
Built: 1975

College Plaza is a 6,590-square foot multi-tenant retail center is Arlington, Texas. The center is 100 percent occupied with four tenants: Chicago’s Chicken Coop, Pacesetters Staffing, Cheers Nutrition, and Cheers Fitness. All leases are triple net.  The building was originally constructed in 1975 and sits on  0.825 acres.

The subject property is located on South Cooper Street and is a major north/south thoroughfare between Interstate 20 and Interstate 30. Traffic counts in front of the property are 46,000-vehicles per day. The property is just south of The University of Texas at Arlington, with a population of approximately 37,000 students and 2,165 staff and faculty members and is the second largest institution within the University of Texas system. Arlington High School is less than half of a mile south of the property. Neighboring  national and regional retailers include TitleMax, Texaco, MetroPCS, Potbelly Sandwich Shop, Taco Bell, Starbucks, Walgreens, Pizza Hut, Jefferson Dental Clinic, Subway, Chicken Express, and others. The area is densely populated, with over 293,500 residents within five miles of the property having an average household income of $64,132.