Bank

Regions Bank (AT&T Stadium)

Listing Price: $3,698,000

Cap Rate
4.50%
Tenant Name
Regions Bank
Years Remaining On Lease
9.70
Gross SF
3,820
Guarantor
Corporate Guarantee
Rentable SF
3,820
Price/Gross SF
$968.06
Lease Type
Ground Lease
Rent Per Square Feet
$43.55

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Regions Bank ground lease in Arlington, Texas. The property consists of a 3,820-square foot, freestanding building that sits on approximately 0.86 acres of land. There are approximately 9.6 years remaining on the current lease term, with 10 percent rental escalations scheduled in 2023, as well as each option thereafter. The property has excellent access and visibility on North Collins Street in proximity to Interstate 30; combined traffic counts exceed 170,847 vehicles per day. The area is extremely dense with more than 272,604 residents within a five-mile radius. The property is centrally located in Arlington’s Entertainment District, which already features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Park (Home of the Texas Rangers), Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). The recent $4 billion investment is expected to boost the already prominent tourism and local attraction to the entertainment destination. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Investment Highlights

  • Over $4 Billion in Construction and Improvements has Occurred in the Arlington Entertainment District Over the Last Two Years, Bringing Exponential Growth and Jobs to the Area
  • Corporate Ground Lease with Approximately 9.6 Years Remaining
  • Located Less than One Mile from Globe Life Park and AT&T Stadium, Home of the Texas Rangers and Dallas Cowboys
  • Excellent Access and Visibility on North Collins Street in Proximity to Interstate 30 (170,847 VPD)
  • More than 272,604 Residents Within a Five-Mile Radius

Exclusively Listed By

Listing Price: $3,698,000

Cap Rate
4.50%
Tenant Name
Regions Bank
Years Remaining On Lease
9.70
Gross SF
3,820
Guarantor
Corporate Guarantee
Rentable SF
3,820
Price/Gross SF
$968.06
Lease Type
Ground Lease
Rent Per Square Feet
$43.55

Investment Highlights

  • Over $4 Billion in Construction and Improvements has Occurred in the Arlington Entertainment District Over the Last Two Years, Bringing Exponential Growth and Jobs to the Area
  • Corporate Ground Lease with Approximately 9.6 Years Remaining
  • Located Less than One Mile from Globe Life Park and AT&T Stadium, Home of the Texas Rangers and Dallas Cowboys
  • Excellent Access and Visibility on North Collins Street in Proximity to Interstate 30 (170,847 VPD)
  • More than 272,604 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Regions Bank ground lease in Arlington, Texas. The property consists of a 3,820-square foot, freestanding building that sits on approximately 0.86 acres of land. There are approximately 9.6 years remaining on the current lease term, with 10 percent rental escalations scheduled in 2023, as well as each option thereafter. The property has excellent access and visibility on North Collins Street in proximity to Interstate 30; combined traffic counts exceed 170,847 vehicles per day. The area is extremely dense with more than 272,604 residents within a five-mile radius. The property is centrally located in Arlington’s Entertainment District, which already features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Park (Home of the Texas Rangers), Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). The recent $4 billion investment is expected to boost the already prominent tourism and local attraction to the entertainment destination. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Exclusively Listed By

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