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.
Investment Highlights
- Established Neighborhood Center located just south of major regional retail hub with generous lot size and ample parking.
- Grocery-Shadowed by La Michoacana Meat Market, with nearly 200 locations, the largest/dominant ethnic supermarket chain in Texas.
- Solid Anchors with Good Term: Internet Resistant Planet Fitness and Red, White & Blue Thrift generate daily demand and comprise 72.8% of the gross leasable area with 6 and 10 years of term, respectively.
- High Traffic, Signalized Intersection on hard corner boasting 62,610 vehicles per day with excellent frontage and access off of S Cooper St and SW Green Oaks.
- Stable and Consistent Cash Flow: National / Credit tenants make up over 84.5% of the Gross Leasable Area and 78.8% of the annual rental revenues.
- Tight Retail Market: Less than 5% vacancy factor in the immediate market continues to drive leasing momentum and rents at Cooper Oaks. Surrounding asking rent comps are above $30.
- Attractive Demographics: Mature and densely populated market with over 113,000 people and average household income of $108,150 in a 3 mile radius.
- Healthy 10-year CAGR of 2.85%
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