Description

DuWest Realty Investment Services is pleased to offer for sale a brand new corporate DXL Mens Apparel in Fort Worth, Texas. The newly- constructed 7,861 square-foot building is situated on 1.28 acres with interstate frontage and excellent visibility within a major retail corridor. The interchange of I-20, SW Loop 820, and Chisolm Trail Pkwy totals over 220,000 vehicles per day. Several surrounding neighborhoods contribute to an impressive average home value of $240,883 within 3 miles, reinforcing the long-term security of this asset. The property was constructed in 2018 and DXL signed a new 10 year lease (3 years remaining) with 2, 5-year options including 10% increases every 5 years. DXL is an outparcel to the highly trafficked Overton Park Plaza which sees 5.6M visitors annually. The property features a NN lease, where the Landlord is responsible for maintaining the roof and structure of the building. The property is shadow anchored by several major retailers within Overton Park Plaza (Home Depot, Sprouts, HomeGoods, & Dick’s Sporting Goods) and is located across the highway from Hulen Mall (4.4M annual visits), completing one of the most dominant regional intersections in the DFW metroplex. The Average Household income within 3 miles is $82,576. DXL Mens Apparel (NASDAQ: DXLG) is the largest specialty retailer of men’s big and tall apparel in the United States. DXL offers thousands of value-priced and designer-brand clothing from vendors including Polo Ralph Lauren, Levi’s, Nautica, Calvin Klein, and Cole Haan, and is known as the “one-stop shop” for men’s XL clothing. Total Revenue for Fiscal year 2024 was $467 Million. This acquisition of DXL Mens Apparel offers investors a strong performing location of a well known brand and 3 years remaining term with two, five-year options. The Property offers a steady cash flow with a double net lease tenant corporately backed by a $467 million dollar brand.