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Plaza at the Parks is a community center comprised of three-multi-tenant buildings totaling 235,183 square feet of leasable area located in a densely populated of Arlington, Texas. Anchored by Best Buy, Sam Moon, Slick City Action, and USA Beauty Supply, the center features a strong mix of national, regional and local businesses, including Cheeky Monkeys, Harbor Freight Tools, Sola Salon Studios, DFW MRI, Palacio Furniture, Trudy’s Hallmark, Wild Bill’s Hobby, Clothes Mentor, Okinawa Asian Cuisine, Car Toys, and Uptown Cheapskate. The center is currently 84 percent occupied with triple-net leases. The buildings are situated on two land parcels totaling 20.68 acres with ample concrete parking and a monument sign.
Plaza at the Parks is well positioned in a dense retail trade area on West Arbrook Boulevard (21,093 vehicles per day) near the signalized intersection with South Cooper Street (86,648 vehicles per day), just north of Interstate 20 (192,180 vehicles per day). The property is easily accessible from multiple ingress and egress points. Plaza at the Parks is shadow-anchored by The Parks Mall at Arlington, one of the leading shopping destinations in the Metroplex and third-largest mall in Tarrant County. The Parks Mall features more than 190 stores and is anchored by Dillard’s, Macy’s, JCPenney, Barnes & Noble, Dick’s Sporting Goods, and AMC Theatre. Numerous other national and regional tenants are in the area, including Burlington, Target, TJ Maxx, Academy Sports & Outdoors, Lowe’s Home Improvement, Total Wine & More, Michaels, Pei Wei, La Madeleine, Red Lobster, Sally Beauty, McDonald’s, Chili’s Grill & Bar, Fitness Connection, Discount Tire, Pet Supplies Plus, Spec’s Wine, Spirits & Finer Foods, Jared’s, Razzoo’s Panera Bread, and many more.
- 235,183-Square-Foot, Multi-Tenant Community Retail Center Located in a Prime Retail Trade Area of Arlington | Subject Property Hosts 1.9M Visits Annually (Source: Placer.ai)
- Shadow-Anchored by The Parks Mall at Arlington, a Top Shopping Destination in the DFW Metroplex and Third-Largest Mall in Tarrant County | Anchored by Dillard’s, Macy’s, JCPenney, AMC Theatres, Dick’s Sporting Goods, and Barnes & Noble
- Value-Add Opportunity | 84% Occupied | All Leases are Triple-Net | Current Average Rents are Well Below Market
- Anchored by Best Buy (Publicly Traded on NYSE: BBY), Sam Moon, Slick City Action, and USA Beauty Supply | Strong Tenant Base Featuring a Complementary Mix of National, Regional, and Local Retailers
- Consists of Three Multi-Tenant Retail Buildings Situated on Two Land Parcels Totaling 20.68 Acres | Separate Parcels Provide Flexibility for Future Upside Potential
- Landlord Reports Partial Roof Replacement Completed in 2024
- Positioned on West Arbrook Boulevard, Just North of I-20 | Property Benefits from Multiple Ingress and Egress Points from All Surrounding Roads
- Close Proximity to Arlington Highlands, a Premier Mixed-Use Development | Currently Undergoing a $30M Renovation, Including the Addition of a Public Park, Canopied Stage Area for Community Events, and Property Upgrades for Existing and Future Retailers | Residential and Senior Living Developments are Also Under Construction
- Well Positioned to Serve a Dense Residential Population of More than 345,256 Residents within Five Miles | Daytime Employment Population Exceeds 117,280 People
