Arlington, TX - Swig

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, Swig investment property located in Arlington, Texas. The tenant, Swig, has over 9 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Swig is located near the intersection of Interstate 20 and South Cooper Street which combine to average over 255,200 vehicles passing by daily. Interstate 20 is the major retail and commuter thoroughfare serving the city of Arlington. The Swig is adjacent to Cooper Street Plaza, a Home Depot anchored center that features national/credit tenants including OfficeMax, Starbucks, and UPS. The asset is across from Bardin Place Center, a WinCo Foods and Hobby Lobby anchored center that includes national/credit tenants such as Applebee’s, Olive Garden, Mattress Firm, T-Mobile, Dollar Tree, and more. In addition, the site is also less than 1 mile from The Parks Mall at Arlington, with major tenants including JCPenney, Macy’s, Barnes & Noble, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Target, Lowe’s, Best Buy, Kroger, Chick-fil-A, McDonald’s, First Watch, Portillo’s, Raising Cane’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 333,100 residents and 105,740 employees with an average household income of $103,110.