Shipley Donuts, Arlington, Texas

2140 E. Pioneer Pkwy no-imageVIEW MAP

Property Information

Price: $1,523,809

Cap Rate: 5.25%
NOI: $80,000
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 2,361 Square Feet
Year Built: 1986/2021
Status: Available
Lead Broker Information:

Carston Bossow


Property Description

Investment Highlights

  • New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Best in Class Tenant – Shipley Donuts is a Leading, Family-Run and Highly Successful Franchise That Currently Operates More Than 300 Locations in Nine States & Plans to Double That Total Over the Next 5 Years
  • New Construction, Pride of Ownership Asset Featuring Shipley’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • High Traffic Location – Over 41,000 Vehicles Per Day on E. Pioneer Pkwy, 6,700 Vehicles Per Day on Sherry Street & More Than 146,800 Vehicles Per Day on Nearby TX-360
  • Densely Populated, Infill Location with Excellent Demographics – Over 364,400 People in a 5-Mile Radius with Average Household Income Exceeding $68,200
  • Strategically Positioned in a Prominent Interstate Trade Area of Arlington – Surrounded by Many National Retailers Including Kroger, Walgreens, Taco Bell, KFC & Taco Cabana and is within a 5-Mile Radius of Eighty-Eight Hotels That Have 9,181 Combined Rooms
  • Over 78.8 Million Square Feet of Industrial & Office and 34.3 Million Square Feet of Retail & Restaurant Space in a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 171,400 Employees
  • Approximately 2.3 Miles from the General Motors Arlington Assembly Plant That Employs More Than 5,600 People Who Manufacture Over 1,200 New Vehicles Every Day – The 4.2 Million Square Feet Factory also Pays Out $1 Million in Wages Daily, Contributing Greatly to the Local Economy
  • Tremendous Multifamily Density with Over 52,600 Apartment Units Within a 5-Mile Radius of the Property
  • Within a 5-Mile Radius of Twenty-Six Primary & Grade Schools That Have a Combined Enrollment of More Than 21,700 Students
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset