Matlock Center

Price: $2,364,000
Sq. Ft.: 10,632
Cap Rate: 5.5%
Pro Forma Cap Rate: 8.51%
Built: 2000
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Matlock Center is a 10,632-square-foot, value-add, multi-tenant retail center located in the Dallas-Fort Worth suburb of Arlington, Texas. The center is currently 76 percent occupied with triple-net leases, providing upside potential to a future investor by leasing the vacant space. The center features a tenant base that is a complementary mix of credit and local tenants including Fastcash, Knockouts Haircuts for Men, Edible Arrangements, The Chemical Guys, and Sharik’s Smoke House. Recent property improvements reported by the seller include a roof replacement in 2018 and parking lot restriping. The center was constructed in 2000 and is situated on a 0.82-acre parcel.

Matlock Center is located on west side of Matlock Road. Traffic counts in front of the property are approximately 35,400 vehicles per day. The property is situated one half-mile south of the Interstate 20, a heavily trafficked, major thoroughfare in the metroplex. Numerous national tenants are in the surrounding area, including Fry’s Electronics, O’Reilly Auto Parts, Golden Chick, Starbucks Coffee, The Home Depot, Ashley Furniture, Hobby Lobby, Ross Dress for Less, Best Buy, Target, Chick-fil-A, Dunkin’ Donuts, and more. Arlington Highlands is one half-mile north of the property, a popular destination for dining, shopping, and entertainment with more than 25 restaurants and 50 retail stores.The surrounding area has a dense population of more than 356,714 residents within a five-mile radius.

  • 10,632-Square-Foot, Value-Add, Multi-Tenant Retail Center
  • 76% Occupied | All Leases are Triple-Net | Upside Potential in Leasing the Vacant Space
  • Recent Property Improvements Reported by the Seller Include Parking Lot Restriping and Roof Replacement in 2018
  • Constructed in 2000 | Situated on a 0.82-Acre Parcel with Ample Concrete Parking
  • One Half-Mile South of Interstate 20 | A Heavily Trafficked Thoroughfare in the Dallas-Fort Worth Metroplex
  • Located in a Major Retail Trade Area Near Many National Retailers Including Fry’s Electronics, O’Reilly Auto Parts, Golden Chick, Starbucks Coffee, The Home Depot, Ashley Furniture, Hobby Lobby, Ross Dress for Less, Best Buy, Target, Chick-fil-A, Dunkin’ Donuts, and More
  • Near Arlington Highlands | A Popular Destination for Dining, Shopping, and Entertainment with More than 25 Restaurants and 50 Retail Stores
  • Extremely Dense Surrounding Residential Population | 356,714 Residents Within a Five-Mile Radius | Average Household Income is $86,132
  • The City of Arlington is Home to UT Arlington, Six Flags Over Texas, Cowboy Stadium, the Texas Rangers, and General Motors Operations