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Stephens Center 138 S Bowen Rd 15,959 SF 100% Leased Retail Building Arlington, TX 76012 $3,172,838 CAD ($198.81 CAD/SF) 8.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Triple Net (NNN) lease structure with minimal landlord responsibilities
- Delivers 100% Gross Operating Income (GOI)
- Large surface parking lot for tenants and customers
- Ideal for value-add investors or owner-user occupancy
- High-visibility location with strong traffic counts
- Turn-key condition — ready for immediate occupancy or lease-up strategy
EXECUTIVE SUMMARY
138 S Bowen Rd is an 8-unit commercial property offering immediate upside for value-add investors or owner-users. Seller will execute a leaseback on the vacant spaces, delivering 100% Gross Operating Income (GOI) at closing.
With existing tenants on Triple Net (NNN) leases, this asset offers minimal landlord responsibilities and stable cash flow. The building is in turn-key condition, ideal for immediate occupancy or implementing a future lease-up strategy. Zoned Light Industrial (LI), the property supports a wide range of commercial uses.
Located in a high-visibility corridor with strong traffic counts and a large surface parking lot, this is a rare opportunity to acquire a stabilized investment in the heart of Arlington.
With existing tenants on Triple Net (NNN) leases, this asset offers minimal landlord responsibilities and stable cash flow. The building is in turn-key condition, ideal for immediate occupancy or implementing a future lease-up strategy. Zoned Light Industrial (LI), the property supports a wide range of commercial uses.
Located in a high-visibility corridor with strong traffic counts and a large surface parking lot, this is a rare opportunity to acquire a stabilized investment in the heart of Arlington.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,959 SF
Building Class
C
Year Built
1985
Price
$3,172,838 CAD
Price Per SF
$198.81 CAD
Cap Rate
8.85%
NOI
$280,943 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.03 AC
Zoning
LI - Light Industrial
Parking
45 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
292’ on South Bowen Road
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05656001 | Improvements Assessment | $1,276,223 CAD |
| Land Assessment | $251,729 CAD | Total Assessment | $1,527,952 CAD |
PROPERTY TAXES
Parcel Number
05656001
Land Assessment
$251,729 CAD
Improvements Assessment
$1,276,223 CAD
Total Assessment
$1,527,952 CAD
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Stephens Center | 138 S Bowen Rd
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