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450 W State Highway 114 6,341 SF Retail Building Grapevine, TX 76051 $5,800,000 ($914.68/SF) 5.43% Cap Rate
Investment Highlights
- 15 Year Absolute NNN Ground Lease
- Corporate Guarantee
- Located immediately north of DFW airport
- Fixed 10% increases each 5 years
- High-profile freeway location
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,341 SF
Building Class
B
Year Built
2023
Price
$5,800,000
Price Per SF
$914.68
Cap Rate
5.43%
NOI
$315,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.45 AC
Zoning
Commercial
Parking
51 Spaces (7.85 Spaces per 1,000 SF Leased)
Frontage
78’ on Texas 114
Amenities
- Freeway Visibility
- Restaurant
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42925281 | Improvements Assessment | $1,997,134 |
| Land Assessment | $1,173,435 | Total Assessment | $3,170,569 |
Property Taxes
Parcel Number
42925281
Land Assessment
$1,173,435
Improvements Assessment
$1,997,134
Total Assessment
$3,170,569
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450 W State Highway 114
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