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SVN | DUNN COMMERCIAL | 1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006 Lee Wandel Associate Advisor 817.406.0117 [email protected] David Dunn, CCIM, SIOR Managing Director 817.640.9964 [email protected]

2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

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Page 1: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

SVN | DUNN COMMERCIAL | 1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE

2550 LEGACYPOINT DR2550 LEGACY POINT DRARLINGTON, TX 76006

Lee WandelAssociate [email protected]

David Dunn, CCIM, SIORManaging [email protected]

Page 2: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

SALE PRICE $475,000

OFFERING SUMMARY

Proforma Cap Rate: 6.46%

Proforma NOI: $30,681

Lot Size: 0.347 Acres

Year Built: 2004

Building Size: 2,614 SF

Zoning: OC | OFFICE

COMMERCIAL

Market: Dallas-Fort Worth

Submarket: Arlington/Mansfield

Traffic Count: 14,820

Price / SF: $181.71

PROPERTY OVERVIEWExclusive Opportunity to Stop Paying your Landlord and become an Owner/User. 2nd Generation Single-Tenant Boutique Medical Office Space Availablefor Sale; consisting of +/-2,614 SF of office space situated on +/-0.3466 acre,or +/-15,100 SF of land.

Meticulously maintained property with one previous Owner (Seller). Located inthe heart of North Arlington and in close proximity to Arlington EntertainmentDistrict. Legacy Point Drive operates as an easy cut-through between two ofNorth Arlington's main arteries, Brown Blvd to the South and NE Green OaksBlvd to the North.

PROPERTY HIGHLIGHTS

• Owner / User Acquisition Opportunity

• Priced Below Replacement

• Outstanding Centralize High-Traffic DFW Location

• Easy access to NE Green Oaks Blvd, Brown Blvd, SH-360, F.M. 157, IH-30

• Business Friendly Neighborhood

• 2nd Generation Medical - Chiropractic Space

Property Summary

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 3: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

LOCATION OVERVIEW

2550 Legacy Point Dr ("The Property") is located on the westside of the commercial street. Legacy Point Dr acts as apassthrough between the major North Arlington arteries of NEGreen Oaks Blvd and Brown Blvd.

Neighboring businesses include The Primrose School of NorthArlington (Childcare Facility), Veterinarian Clinic, State FarmInsurance, Wells Fargo Bank, The Arlington Library-NortheastBrach, and The Ascension Crossing Retail Strip Center, amongothers.

The Property is also conveniently located on a commercialstreet within a very dense and diverse residentialneighborhood. The vast majority of the businesses on LegacyPoint Dr and the immediate vicinity cater to and support thelocal North Arlington community.

The location of The Property allows for easy and immediateaccess to IH-30 to the South, SH-360 to the East, and F.M. 157to the West allowing for an expanded clientele reach.

SITE DESCRIPTION

OC | OFFICE COMMERCIAL: Intended to provide areas primarilyfor high-quality office development and selected retail usesthat serve community and citywide needs

The site consists of a rectangular-shaped tract of landcontaining a total of +/- 0.3466 acre, or +/-15,100 SF of landarea. The site has approximately +/-95 feet of frontage onLegacy Point Drive, which is considered average for thesubject's market.

Legacy Point Drive is a two-way, two-lane, North/Southdirectional, asphalt paved road with curbs and sidewalks. Theproperty shares a circular driveway with the adjacent propertyto the South. The surrounding development around theproperty consists of office/retail development to the North,South and to the West. A Primrose School is located to the Eastof the Property.

Property Description

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 4: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

Project Site Plan

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 5: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

Property Floor Plan

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 6: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

Location Maps

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 7: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

2550 Legacy Point Dr

Aerial Map

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Page 8: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 2 MILES 3 MILES

Total population 13,902 36,766 70,527

Median age 31.4 30.3 30.9

Median age (Male) 31.4 30.0 30.6

Median age (Female) 31.7 30.8 31.6

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 7,345 18,448 31,493

# of persons per HH 1.9 2.0 2.2

Average HH income $58,805 $57,206 $58,333

Average house value $179,140 $183,078 $171,982

ETHNICITY (%) 1 MILE 2 MILES 3 MILES

Hispanic 25.0% 25.5% 30.5%

RACE 1 MILE 2 MILES 3 MILES

Total Population - White 7,566 20,271 41,376

Total Population - Black 3,966 10,603 16,714

Total Population - Asian 743 1,870 3,683

Demographics Map & Report

Page 9: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

2550 LEGACY POINT DR | 2550 LEGACY POINT DR, ARLINGTON, TX 76006 SVN | Dunn Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Total Population - Hawaiian 29 49 90

Total Population - American Indian 8 34 200

Total Population - Other 1,264 2,984 6,864

* Demographic data derived from 2010 US Census

Demographics Map & Report

Page 10: 2550 LEGACY POINT DR - LoopNet · SVN | DUNN COMMERCIAL |1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE 2550 LEGACY POINT DR 2550 LEGACY POINT DR ARLINGTON, TX 76006

11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

ᴑ that the owner will accept a price less than the written asking price;ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; andᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone