2900 Rio Grande Blvd - Restaurant FOR SALE


Euless, TX 76039
$2,916,667 USD
214-392-3787
2900 Rio Grande Blvd, Euless, TX for Sale
$2,916,667 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

2900 Rio Grande Blvd
Euless, TX 76039


HIGHLIGHTS

  • Brand New, NN Lease w/ 10% Base Rent Escalations Every 5 Years
  • Corporate Guarantee
  • Minimal Landlord Responsibilities (Roof & Structure) & 2023 Construction
  • High Traffic Submarket - 26,000 VPD on Glade Rd & Rio Grande Blvd; 95,000 VPD on Hwy 121
  • According to Placer.ai, CAVA at Glade Parks is a top ranked location in DFW

OVERVIEW

CAVA (the “Property”) is a 2,500 square foot retail property located at Glade Parks in Euless, Texas. The Property is a newly built, single-tenant restaurant leased to CAVA. According to Placer.ai, CAVA at Glade Parks has had over $3 million in sales within the last year, and is a top ranked location for the chain in Dallas/Fort Worth. CAVA has entered into a 15-year, NN corporate guaranteed lease that includes four additional, 5-year renewal options. The lease includes 10% base rent escalations every 5 years of term during the initial period, with 10% escalations each option period as well. The tenant will be responsible for all costs to maintain the property and its patio, except for roof and structural repairs.

FOR SALE DETAILS

PRICE

$2,916,667 USD

PRICE/SF

$1,167 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

PD

APN/PARCEL ID

42887338

ASK ABOUT THIS PROPERTY

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.