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SouthState Bank 1002 Texan Trl 5,418 SF Retail Building Grapevine, TX 76051 $3,050,000 ($562.94/SF) 5.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Credit Tenant, NYSE listed
- 10% Rent Increases Every 5 Years
- Long Term, Absolute NNN Lease
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a investment grade ground lease underlying a one-story single tenant bank branch comprising 5,000 square feet on a 1.35 acre site leased to SouthState Bank (NYSE:SSB). The property is centrally located in Grapevine, TX, a suburb of Dallas, minutes from the Dallas/Fort Worth Airport. Situated near the corner of Wall Street and Texan Trail, the property is part of Grapevine Station, a 38 acre commercial development containing office, retail and ware house space in addition to a hotel. The site is 2 miles from the Dallas/Fort Worth Airport only 1/2 mile from the $500 million Gaylord Texan Resort. There are over 105,000 people within 5 miles of the property with an Average Household Income of $147,535.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,418 SF
Building Class
B
Year Built
2007
Price
$3,050,000
Price Per SF
$562.94
Cap Rate
5.44%
NOI
$165,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.36 AC
Zoning
CC - Commercial
Parking
22 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Bus Line
- Commuter Rail
- Corner Lot
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
SouthState Bank is a regional financial institution headquartered in Winter Haven, Florida, offering a full suite of banking services including consumer, commercial, mortgage, and wealth management solutions. With over 370 branches across the Southeast and more than 5,000 employees, SouthState serves individuals, businesses, and communities in Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, and Virginia. The bank emphasizes personalized service, community engagement, and innovative digital banking tools to help customers achieve their financial goals
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41366875 | Improvements Assessment | $1,325,102 |
| Land Assessment | $1,062,738 | Total Assessment | $2,387,840 |
PROPERTY TAXES
Parcel Number
41366875
Land Assessment
$1,062,738
Improvements Assessment
$1,325,102
Total Assessment
$2,387,840
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SouthState Bank | 1002 Texan Trl
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