$6,500,000 USD
844-585-7684
460 State 114 hwy
Grapevine, TX 76051
Downtown Grapevine
HIGHLIGHTS
- Brand-New Construction Single-Tenant Portillo’s (NASDAQ: PTLO): New 10.5-year absolute NNN ground lease; zero landlord responsibilities
- Strategically Located in the Heart of Grapevine’s Primary Retail Corridor
- Situated at the Intersection of Highways 114 and 121 in a Popular Dallas Suburb
- The Property is Less than 5 Miles from Huge Traffic Draws and Caters to the Visitors of the Nearby Hotels and Airport
- Dense, Affluent Demographics: 125,744 people with average household incomes over $162,000 within a 5-mile radius
- Dallas-Fort Worth MSA: Largest metropolitan area in Texas and fourth largest in the United States, with over 7.8 million residents
FOR SALE DETAILS
PRICE
$6,500,000 USD
PRICE/SF
$1,040 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Portillo’s | Grapevine, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.8 AC
LAND SF
78,408 SF
ZONING
-
APN/PARCEL ID
42925281
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844-585-7684
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844-585-7684
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