Flix Brewhouse Signs 15-Year Lease For 40,000 SF Theater At The Shops At Broad In Mansfield
NEQ Hwy 287 & Broad St Mansfield, TX 76063
Building Size
40,000 SF
Asset Type
Retail
Closing
Jul 31, 2023
AI
Morley Greene and Trez Capital have leased a 40,000-square-foot retail property located at NEQ Hwy 287 & Broad Street in Mansfield. The property, known as The Shops at Broad, will be the future home of a Flix Brewhouse theater. The lease, signed for a term of 15 years, will see the theater feature nine auditoriums and in-theater dining options. The anticipated opening is set for this fall.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Square Footage: 40,000 SF
- Address: NEQ Hwy 287 & Broad Street
- Market: Mansfield
Representing the landlord, Morley Greene of Trez Capital facilitated the lease agreement with Flix Brewhouse. The tenant was represented by Sam Kartalis of Younger Partners and John Weber of Weber & Co.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93