2601 Galleria Dr

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Investment Overview

Marcus & Millichap is pleased to present 2601 Galleria Drive, a 11,178-square-foot commercial building situated on 1.91 acres, on the hard corner of Galleria Drive and State Highway 360/North Watson Road in Arlington, Texas. The subject property sits elevated alongside State Highway 360 which features over 178,000 vehicles per day, offering maximum visibility for a new development. The subject property is situated approximately 1.4 miles from popular attractions including the Dallas Cowboys’ AT&T Stadium, the Texas Rangers’ new Globe Life Park development, Texas Live!, and Six Flags Over Texas.

The city of Arlington is located amongst the “Mid Cities” of the Dallas–Fort Worth metroplex, situated approximately 20 miles from the city of Dallas and 12 miles from the city of Fort Worth. Arlington features a population of over 398,000 residents who can conveniently commute to each city or are employed by major local employers including General Motors, University of Texas at Arlington, Texas Health Resources, and J.P. Morgan. The city is also best known as the home of professional sports teams: the Dallas Cowboys and the Texas Rangers. In 2019, the Dallas Cowboys’ average attendance was over 90,000 per game.

Arlington is primed for new development including retail, multifamily, industrial, and entertainment to continue to meet the growing demand in the Dallas-Fort Worth metroplex. Factors such as recent corporate relocations, tax benefits, and the relatively low cost of living have driven new residents to the Dallas-Fort Worth submarkets, such as Arlington, more than ever before. In addition, the centralized location of Arlington, including the close proximity to the Dallas-Fort Worth International Airport, make this location ideal for commuters.

Overall, 2601 Galleria Drive provides a new owner/user, developer, or value-add investor the tremendous opportunity to acquire a net-lease asset, situated on a 1.91-acre parcel, in the rapidly transforming submarket of Arlington, Texas. The close proximity to both Dallas and Fort Worth and accessibility to major thoroughfares make this a prime location for potential new development opportunities in the near future. The subject property which is zoned F1, should be well-positioned for various potential uses to capture the rising rents over time in this immediate submarket.