Matlock Road Retail Center

Price: $3,819,500
Sq. Ft.: 8,487
Cap Rate: 6.5%
Built: 2004
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Matlock Road Retail Center is a fully stabilized, 8,487-square-foot, multi-tenant retail center located in the high-growth area of Mansfield, Texas. The center is 100 percent occupied, and all leases are triple-net. Constructed in 2005, the property consists of two multi-tenant building situated on two parcels totaling 1.56 acres. Tenants consist of a complementary mix of national retailers, including Wingstop, Leslie’s Pool Supplies, Verizon, UBreakIFix by Asurion, and Pacific Dental, and the majority of the tenants are publicly traded companies.

Shadow-anchored by Walmart Neighborhood Market, the subject property is located near the intersection of Matlock Road and East Debbie Lane and less than two miles from Highway 287. Traffic counts in front of the property on Matlock Road are approximately 26,922 vehicles per day. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Great Clips, Advance America Cash Advance, Pizza Hut, Sprouts, Super Cuts, Hollywood Feed, Smoothie King, Rusty Taco, Chick-Fil-A, Kroger, Jimmy John’s, QDOBA Mexican eats, Starbucks, Panda Express, Jersey Mike’s Subs, Burger King, ALDI, Crumbl Cookies, AutoZone Auto Parts, Sonic Drive-In, Taco Bell, Walgreens, O’Reilly Auto Parts, Fuzzy’s Taco Shop, Low T Center, Bahama Buck’s, and many more.¬†The property enjoys excellent demographics; the one-mile average household income is $140,198; the three-mile average household income is $118,772; and the population exceeds 224,210 within five miles.

  • 8,487-Square-Foot, Multi-Tenant Retail Center¬† | Shadow-Anchored by a Walmart Neighborhood Market
  • 100% Occupied with 100% National Tenants | All Leases are Triple-Net
  • 55% of the Gross Leasable Area is Leased to Publicly Traded Companies | Leslie’s (NASDAQ: LESL); Verizon (NYSE: VZ); and Wingstop (NASDAQ: WING)
  • Current Average Rents are Below Market
  • Property is Comprised of Two Adjacent Multi-Tenant Buildings Situated on 1.56 Acres
  • Located Near the Intersection of Matlock Road and East Debbie Lane | Traffic Counts are Approximately 26,922 Vehicles per Day on Matlock Road and 27,208 on East Debbie Lane
  • Close Proximity to Major National Retailers Such As Kroger, ALDI, Sprouts, Great Clips, Advance America Cash Advance, Super Cuts, Hollywood Feed, Smoothie King, Chick-Fil -A, Jimmy John’s, Crumbl Cookies, and Numerous Others
  • Highly Affluent Area | One-Mile Average Household Income is $140,198 | Three-Mile Average Household Income is $118,772 | Five-Mile Average Household Income is $114,631 | Population Exceeds 224,210 Residents Within Five Miles
  • Mansfield is Experiencing Tremendous Growth, Including Development of the 870-Acre Master-Planned South Pointe Community, The Shops at Broad Development Including a 405,000-SF Shopping Center and Apartments, and Completion of Texas Highway 360