Victory Shops at South Cooper

Price: $19,646,000
Sq. Ft.: 49,644
Cap Rate: 7.0%
Built: 1984

Victory Shops at South Cooper is a 100 percent leased, 49,644-square-foot, multi-tenant retail center located in Arlington, Texas. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Salata, Vape Cave, Regional Finance, Club Pilates, Weekend Dentistry, Removery Tattoo Removal, King Crab Paradise Restaurant, Liquor House, U.S. Government Recruiting, The Halal Guys, AT&T, Lux Salon Suites, Renaissance Tattoo, Manna Juice, and Amazing Nail Bar. All leases are triple-net with the exception of the U.S. Government lease, which pays fixed expense reimbursements. Originally constructed in 1984, the landlord reports significant recent property improvements, including a full modification of the exterior façade and parking lot improvements. The two-story building is situated on a large 3.39-acre lot with ample concrete parking and a new monument sign that provides exposure to the center.

Victory Shops at South Cooper is located in a prime location, positioned at the signalized intersection of South Cooper Street and West Pleasant Ridge Road/Parks at Arlington Mall. The property is easily accessible from multiple ingress and egress points. Traffic counts in front of the property on South Cooper Street are approximately 52,433 vehicles per day. Victory Shops at South Cooper is directly across the street from The Parks Mall at Arlington, one of the leading shopping destinations in the Metroplex and the 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. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including Burlington, Target, TJ Maxx, Academy Sports & Outdoors, Harbor Freight Tools, Michaels, Pei Wei, La Madeleine, Red Lobster, Sally Beauty, Best Buy, McDonald’s, Corner Bakery, Chili’s Grill & Bar, Fitness Connection, Discount Tire, Pet Supplies Plus, Spec’s Wines, Spirits & Finer Foods, Jared’s, Razzoo’s, Panera Bread, and many more.

  • 49,644-Square-Foot, Multi-Tenant Retail Center Located in a Prime Retail Trade Area of Arlington
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net with the Exception of the U.S. Government (Pays Fixed Reimbursement Amounts)
  • Strong Tenant Base Featuring a Complementary Mix of National, Regional, and Local Retailers
  • Majority of the Leases Include Scheduled Rent Escalations During the Primary Term
  • Landlord Reports Significant Property Improvements Completed in 2020, Including Modifications to the Façade, Exterior Painting, Tower Upgrades and Elements, Parking Lot Improvements, and a New Monument Sign
  • Two-Story Building Situated on a Large 3.39-Acre Lot with Ample Parking
  • Near the Signalized Intersection of South Cooper Street and West Pleasant Ridge Road/Parks at Arlington Mall | Easily Accessible from Multiple Ingress and Egress Points from Both Roads | High Traffic Counts Exceeding 52,400 Vehicles per Day
  • Directly Across from The Parks Mall, Anchored by Dillard’s, Macy’s, JCPenney, AMC Theatres, Dick’s Sporting Goods, and Barnes & Noble | Other Major Traffic Drivers in the Area Include Target, Burlington, TJ Maxx, Best Buy, Academy Sports and Outdoors, Harbor Freight Tools, and More
  • Well Positioned to Serve a Dense Residential Population of More than 336,263 Residents within Five Miles of the Property | Average Household Income is $84,379