Arlington, TX - Airworth Aviation Consulting & Grainger

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, two-tenant investment property located in Arlington, Texas. The tenants, Grainger and Airworth Aviation Consulting, have over 7 years of WALT remaining with each lease featuring 2 (5-year) options to extend, demonstrating their commitment to the site. Both leases contain scheduled annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The leases are NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The subject property is located near the intersection of East Division St and State Highway 360 which combine to average over 196,000 vehicles passing by daily. East Division Street is a major commercial thoroughfare serving the city of Arlington. The asset is located directly across from a General Motors Assembly Plant (6 million SF) which employs over 5,400 employees and produces over 1,350 vehicles per day for Chevrolet, GMC, and Cadillac. The site is less than 2 miles from AT&T Stadium (80,000+ seats), the home of the Dallas Cowboys and Globe Life Field (40,300+ seats), home of the Texas Rangers. The trade area features distribution centers for Domino’s, Home Depot, and Lockheed Martin, as well as a Union Pacific Railyard. The 5-mile trade area is supported by a population of over 305,400 residents and 152,500 employees with an average household income of $83,991.