480 W State Highway 114 - Fast Food FOR SALE


Grapevine, TX 76051- Downtown Grapevine
$2,545,000 USD
844-585-7684
480 W State Highway 114, Grapevine, TX for Sale
$2,545,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

480 W State Highway 114
Grapevine, TX 76051
Downtown Grapevine


HIGHLIGHTS

  • Single-Tenant Son of a Butcher Drive-Thru: New 15-year absolute NNN ground lease, 13 years remaining; 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: The Dallas-Fort Worth region ranks among the top 3 U.S. metro areas for business expansions, relocations, and employment growth

OVERVIEW

New 15-year Absolute NNN Ground Lease | Dominant Retail Corridor | Affluent Dallas-Fort Worth Suburb; $162K AHHI

FOR SALE DETAILS

PRICE

$2,545,000 USD

PRICE/SF

$1,065 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Son of A Butcher | Grapevine, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

HC

APN/PARCEL ID

42925272

ASK ABOUT THIS PROPERTY

Bill AsherHanley Investment GroupMore Info
844-585-7684

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Bill AsherHanley Investment GroupMore Info
844-585-7684

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