facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Retail

/

Lease

/

NEQ Hwy 287 & Broad St Mans...

Flix Brewhouse Signs 15-Year Lease For 40,000 SF Theater At The Shops At Broad In Mansfield
LEASEDRetail

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

Sam Kartalis

Younger Partners

Broker

2 deals

Broker
Trez Capital
Trez CapitalLender

Morley Greene

Trez Capital

Landlord

$64.7M

vol

2 deals

Landlord

Texas Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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