Carl’s Jr. (Dark), Arlington, Texas

5301 S. Cooper Street no-imageVIEW MAP

Property Information

Price: $2,000,000

Cap Rate: 5.50%
NOI: $110,000
Lease Term: 10+ Years Remaining
Lease Type: Absolute NNN
Building Size: Approximately 3,099 Square Feet
Year Built: 2011
Status: Available
Lead Broker Information:

Chadd Bossow


Property Description

Investment Highlights

  • Great Redevelopment Opportunity – 3,099 Sq Ft Building on .90 Acres of Land
  • Corporately Guaranteed by Carl’s Jr. with the Potential for a Lease Buyout – Allows for Cash Flow Until a Replacement Tenant is Secured and Provides for a Basis Reduction in the Property
  • Over $1.2M of Remaining Rent That is Guaranteed by Carl’s Jr. Over the Next 10 Years
  • Strategically Positioned in the Heart of Arlington and Minutes Away from Six Flags Over Texas, AT&T Stadium, the Home of the Dallas Cowboys – and Globe Life Park, the Home of the Texas Rangers
  • Densely Populated Location with Excellent Demographics – Over 336,000 People in a 5-Mile Radius with Average Household Income Exceeding $90,000
  • Major Thoroughfare with Excellent Visibility – Over 61,000 Vehicles Per Day on S Cooper Street and Over 16,000 Vehicles Per Day on SW Green Oaks Boulevard
  • Approximately 3 Miles from the 432 Bed Medical City Arlington Hospital with Over 1,400 Staff Members and Physicians and More Than $3.33 Billion in Total Patient Revenue in 2020
  • Adjacent to Harold Patterson Sports Center, a 34 Field Sports Complex Serving the City of Arlington
  • Located in an Extremely Strong Trade Area Containing Over 20.4 Million Square Feet of Retail and Restaurant Space
  • Over 26.4 Million Square Feet of Industrial and Office Space in a 5-Mile Radius of the Property, Resulting in an Extremely High Daytime Population with More Than 93,100 Employees
  • Explosive Recent Growth – Over 9.1% Population Growth in a 5-Mile Radius Since the 2010 Census with 9.4% Projected Growth by 2025
  • Within a 5-Mile Radius of 21 Grade Schools That Have Over 21,000 Combined Students and Faculty