5425-5435 Cooper St, Arlington, TX 76017
86,776 SF | 96% Leased | 4-Star Retail Building | Arlington, TX 76017 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 86,776 SF
Listing Contacts
Kristopher Von Hohn
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield’s Retail Investment Advisors is pleased to offer for sale Cooper Oaks Crossing (the “Property”), a prime, grocery shadowed neighborhood retail center located in Arlington, Texas (DFW). This community hub, which is 96.1% occupied, offers 86,776 square feet of retail space on nearly 11 acres of land. It is strategically situated at the high-traffic intersection of South Cooper Street and Southwest Green Oaks Boulevard, with 62,610 vehicles passing by daily. The property benefits from strong consumer demand from over 113,000 people within a 3-mile radius, who have an average household income of $108,150.
Key features of Cooper Oaks Crossing include:
• E-commerce resistant anchor tenants like Planet Fitness and Red, White, & Blue Thrift Store, which occupy 72.8% of the gross leasable area.
• Significant lease terms on both anchor tenants of 6 and 10 years, respectively, at below-market rents.
• An urgent care medical pad site (CareNow) and 12 additional in-line suites, fostering a synergistic tenant mix.
• Adjacent traffic generators: Taco Bell and Popeyes pad sites.
• Shadow-anchored by La Michoacana Meat Market, Rafael Ortega’s flagship grocery store and dominant ethnic grocer in Texas.
• Institutionally maintained with substantial recent capital investment.
Cooper Oaks Crossing offers investors a stable and secure income stream with a healthy compound annual growth rate (2.85% 10-Year CAGR) in one of the hottest MSAs in the country.
Key features of Cooper Oaks Crossing include:
• E-commerce resistant anchor tenants like Planet Fitness and Red, White, & Blue Thrift Store, which occupy 72.8% of the gross leasable area.
• Significant lease terms on both anchor tenants of 6 and 10 years, respectively, at below-market rents.
• An urgent care medical pad site (CareNow) and 12 additional in-line suites, fostering a synergistic tenant mix.
• Adjacent traffic generators: Taco Bell and Popeyes pad sites.
• Shadow-anchored by La Michoacana Meat Market, Rafael Ortega’s flagship grocery store and dominant ethnic grocer in Texas.
• Institutionally maintained with substantial recent capital investment.
Cooper Oaks Crossing offers investors a stable and secure income stream with a healthy compound annual growth rate (2.85% 10-Year CAGR) in one of the hottest MSAs in the country.
Property Details
- Class
- C
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 462,607 SF
Highlights
- Grocery-Shadowed, Established Neighborhood Center located just south of major regional retail hub with generous lot size and ample parking.
- Solid Anchors with Good Term: Internet Resistant Planet Fitness and Red, White & Blue Thrift generate daily demand and comprise 72.8% of the GLA.
- High Traffic, Signalized Intersection on hard corner boasting 62,610 vehicles per day.
- Stable and Consistent Cash Flow: National / Credit tenants make up over 84.5% of the Gross Leasable Area.
- Tight Retail Market with Attractive Demographics.
- Healthy 10-year CAGR of 2.85%.
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