Property Name

The Shops on Cooper

GLA 26,407 SF

Percent Leased 100% Leased

Property Description

The Shops on Cooper is a 26,407 square foot retail center located approximately 20 minutes from both Downtown Dallas and Downtown Fort Worth in Arlington, Texas.  Located on 2.98 acres, the Property is 100% leased to a complementary tenant lineup including Cindie’s, Sushi Café, 1102 Tea & Bites, Dr. Duc Pham Dentistry, Cherry Moon Grill & Bar, Elizmon African Store, Da Kandy Shop Tattoo Studio and Modemia Salon.  The Shops on Cooper is priced well below replacement cost at $218.14 per square foot to the building. Rents average only $16.44 PSF NNN providing long term upside in rent growth. Sushi Café just signed a 5-year new lease/extension at $23.69 PSF NNN with 3% annual escalations.  Additionally, Brows on Fleek just signed a new 5-year lease and Cindie’s recently extended for 5 years. The Property features a highly visible monument sign fronting South Cooper Street, an abundance of parking with 179 parking spaces and cross access to adjacent retail and office properties.  Multiple tenants experience annual rent escalations throughout their primary terms and have multiple renewal options.  The Shops on Cooper is located within a densely populated corridor containing more than 4,400,000 square feet of retail GLA within a 1-mile radius.