Green Oaks Plaza

Price: $3,245,000
Sq. Ft.: 18,199
Cap Rate: 6.75%
Pro Forma Cap Rate: 14.02%
Built: 1996

Green Oaks Plaza is a 18,199-square-foot, multi-tenant retail center located in a densely populated area of Arlington, Texas. The center is 100 percent occupied, and all leases are on gross terms, providing upside potential to a future investor. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including IKA Signs & Printing, J Donuts, Brooklyn’s Best Pizza, Brighter Life Solution, Liberty Tax Service, Ding Tea, Tropic Thunder Daiquiris, Vapors Smoke & Novelties, Pro Cuts, and Beauty Concepts. Originally constructed in 1996, Green Oaks Plaza is situated on 2.0 acres with a concrete parking lot. A double-sided monument sign provides additional visibility to the center.

The subject property is located on Green Oaks Boulevard, positioned near the intersection of Green Oaks Boulevard and Watson Road with close access to Highway 360. Traffic counts in front of the property exceed 24,717 vehicles per day. Shadow-anchored by Kroger grocery store, other nearby national and regional retailers include 7-Eleven, Jack in the Box, Popeyes Louisiana Kitchen, AutoZone, Cicis Pizza, Wingstop, Sonic Drive-In, Take 5 Oil Change, Five Below, Sephora, Ross Dress for Less, Marshalls, Target, The Home Depot, Starbucks, Chick-fil-A, McDonald’s, Crumbl Cookies, and many others. Green Oaks Plaza is also in close proximity to multiple school campuses, industrial warehouses, and distribution centers including Williams-Sonoma, UPS Warehouse, Trane Supply, FedEx Ground, and others. The surrounding area benefits from excellent demographics of more than 315,043 residents and strong daytime employment exceeding 79,695 people within five miles.

  • 18,199-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • Shadow-Anchored by Kroger | This Kroger Location Serves 1.3M Annual Visitors and Ranks in the 70th Percentile Nationwide Based on Consumer Traffic, as Compared to Other Kroger Stores (source: Placer Labs Inc.)
  • 100% Occupied | Current Leases are on Gross Terms | Upside Potential in Converting Gross Leases to Triple-Net Leases | Pro Forma Cap Rate is 14.02%
  • Current Average Rents are Below Market
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service Oriented Businesses
  • Near the Signalized Intersection of Green Oaks Boulevard and South Watson Road | Close Proximity to Highway 360
  • Cumulative Traffic Counts in Front of the Property Exceed 24,717 Vehicles per Day
  • Neighboring School Campuses Drive Additional Traffic to the Area
  • Well Positioned to Serve a Dense Residential Population of More than 315,043 Residents within Five Miles of the Property | Average Household Income is $86,438
  • Daytime Employment Exceeds 79,695 People within Five Miles | Close Proximity to Industrial Warehouses and Distribution Centers for Williams-Sonoma, UPS Warehouse, Trane Supply, and FedEx Ground
  • The City of Arlington is the Third-Largest City in North Texas | Positioned Halfway Between Dallas and Fort Worth | Approximately Eight Miles from Dallas/Fort Worth International Airport
  • Priced at $178 per Square Foot