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1295 S Main St
Grapevine, TX 76051
Mi Dia · Retail Property For Sale
Executive Summary
Absolute NNN – Zero Landlord Responsibility
Long-Term Tenant Recently Extended Early for an Additional 10 Years
Strong Store Sales – Paid % Rent Each Year even During Global Pandemic and World Shut Down
Percentage Rent at 5% of Net Sales Income with Monthly Based Rent – Giving Landlord Tremendous Stability and Future Upside
Beautiful Class “A” Restaurant with Substantial Capital Invested by a Seasoned Restaurant Entrepreneur
Complimentary to 3 Other Restaurants in the Development - Bob’s Steak & Chop House, Winewood Grill, & Fireside Pies – Each of Which have Strong Store Sales
Less than 5 miles from Huge Traffic Draws Such as Dallas-Fort Worth International Airport, The Gaylord Texan Resort & Convention Center, and Great Wolf Lodge Caters to Visitors of the Nearby Hotels, Airport
Average Household Income is over $140K - More Than 1.5x the National Average
41% Population Boom in Last 10 Years
Travelers & Residents of the Surrounding Top Suburbs of Southlake, Coppell and Flower Mound Frequent this Oasis/Development of 4 Top Restaurants
Located Near Historic Downtown Grapevine – Near $105 Million Mixed-Use Development
Located at the Intersection of Highways 114 & 121 in a Popular Suburb of Dallas – Visible to Nearly 126,470 Vehicles Per Day
Long-Term Tenant Recently Extended Early for an Additional 10 Years
Strong Store Sales – Paid % Rent Each Year even During Global Pandemic and World Shut Down
Percentage Rent at 5% of Net Sales Income with Monthly Based Rent – Giving Landlord Tremendous Stability and Future Upside
Beautiful Class “A” Restaurant with Substantial Capital Invested by a Seasoned Restaurant Entrepreneur
Complimentary to 3 Other Restaurants in the Development - Bob’s Steak & Chop House, Winewood Grill, & Fireside Pies – Each of Which have Strong Store Sales
Less than 5 miles from Huge Traffic Draws Such as Dallas-Fort Worth International Airport, The Gaylord Texan Resort & Convention Center, and Great Wolf Lodge Caters to Visitors of the Nearby Hotels, Airport
Average Household Income is over $140K - More Than 1.5x the National Average
41% Population Boom in Last 10 Years
Travelers & Residents of the Surrounding Top Suburbs of Southlake, Coppell and Flower Mound Frequent this Oasis/Development of 4 Top Restaurants
Located Near Historic Downtown Grapevine – Near $105 Million Mixed-Use Development
Located at the Intersection of Highways 114 & 121 in a Popular Suburb of Dallas – Visible to Nearly 126,470 Vehicles Per Day
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,330 SF
Building Class
C
Year Built
2011
Price
$5,150,000
Price Per SF
$702.59
Cap Rate
6.50%
NOI
$334,575
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.17 AC
Parking
79 Spaces (10 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 41245121 | Improvements Assessment | $1,769,049 |
| Land Assessment | $665,951 | Total Assessment | $2,435,000 |
Property Taxes
Parcel Number
41245121
Land Assessment
$665,951
Improvements Assessment
$1,769,049
Total Assessment
$2,435,000
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