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- LoopNet Team
5331 W Sublett Rd
Arlington, TX 76017
Newly Constructed 37,000 SF LA Fitness · Retail Property For Sale
Investment Highlights
- Largest Privately Owned Health Club Provider in the Nation
- Over 75,000 People Within a Three-Mile Radius with Average HH Incomes Exceeding $105,000
- Shadow-Anchored to New 123,000 SF Kroger Marketplace
- Newly Constructed Prototype
- No State Income Tax
- Brand New 15 Year 7 Month Lease
PROPERTY FACTS
About 5331 W Sublett Rd , Arlington, TX 76017
This freestanding ± 37,000 square foot LA Fitness is among the first handful of clubs in the nation using LA’s new prototype building. The club sits on 3.98 acres of land at the NWC of US 287 and W Sublett Road in the densely established trade area of south Arlington, Texas and is shadow-anchored by a newly completed 123,000 square foot Kroger Marketplace grocery store. The lease has a 15-year 7 month primary term with three 5-year options which commenced on June 1, 2020. The site has excellent exposure to a combined traffic count of over 91,000 vehicles per day along US 287 and W Sublett Road. This site is centrally located within the Dallas-Fort Worth trade area, approximately 10 miles from downtown Fort Worth to the west and approximately 24 miles from downtown Dallas to the east. Arlington, TX is the seventh most populated city in Texas with a population of 400,316 people. The Dallas-Fort Worth metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,694,138 according to the new 2020 U.S. Census population estimates. Overall, DFW is the 20th largest metro economy in the world and has a gross metro product exceeding $472 billion according to the Bureau of Economic Analysis. As a result, the metroplex benefits from the 24 Fortune 500 company headquarters and the 43 Fortune 1000 headquarters located throughout DFW. Arlington’s robust economy can primarily be attributed to its economic diversity with industries ranging from education, manufacturing, retail, entertainment, and health care. The city is home to the University of Texas at Arlington (42,496 students), General Motors, The Parks Mall at Arlington, The Dallas Cowboys, The Texas Rangers, Six Flags Over Texas amusement park, and Texas Health Resources. This LA Fitness location benefits from a dense three-mile population with over 75,000 people and an average household income of over $105,000 per year. In addition to the newly constructed Kroger Marketplace, Albertsons grocery store has operated a location at the SWC of the intersection since 2002 which is currently ranked eighth out of their 34 DFW locations. Other prominent retailers at the intersection include Starbucks, Chick-fil-A, Whataburger, Andy’s Frozen Custard, Taco Bell, Burger King, Jack in the Box, and Chicken Express. This collection of restaurants along with two major grocery stores make W Sublett Road and US 287 the main daily needs intersection in the trade area and ensures the long-term stability of this asset.
PROPERTY TAXES
Parcel Number | 42549483 | Improvements Assessment | $7,797,082 |
Land Assessment | $2,467,767 | Total Assessment | $10,264,850 |
PROPERTY TAXES
Listing ID: 18503097
Date on Market: 2020-02-12
Last Updated:
Address: 5331 W Sublett Rd, Arlington, TX 76017
The Retail Property at 5331 W Sublett Rd, Arlington, TX 76017 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
Retail PROPERTIES IN NEARBY NEIGHBORHOODS
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