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Drive Thru Value Add Opportunity 460 Grapevine Hwy 2,964 SF Retail Building Hurst, TX 76054 $1,700,000 ($573.55/SF)



Investment Highlights
- Move-in Ready Freestanding 2,964 SF 2nd Generation QSR with Existing Drive-Thru
- Excellent Visibility from both Grapevine Highway & Mid Cities Boulevard (56,000+ Combined VPD), with Two (2) Existing Two Sided Pylon Signs Fronting E
- ? Minutes from Highway 183, a Major East West Thoroughfare Allowing Convenient Connectivity to the Dallas Fort Worth Metroplex
- Regional Trade Area with Over 2,700,000 SF of Retail GLA in a 1.5 Mile Radius (CoStar)
- Situated on +/- 0.74 Acres with Existing Drive-Thru, Partial Masonry Construction, Large Outdoor Patio & Recent Renovations Making for Turn Key Tenant
Executive Summary
Drive Thru Value Add Opportunity is a freestanding, 2,964 SF 2nd gen QSR asset with an existing drive-thru in white box condition located along the primary retail corridor of Grapevine Highway in Hurst, Texas. The Property is just 15 minutes west of DFW International Airport, 15 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas. Situated on +/- 0.74 acres, Drive Thru Value Add Opportunity benefits from excellent visibility with 2 two-sided pylon signs fronting two roadways, an existing drive-thru, partial masonry construction and a large outdoor patio. The Property is situated in a uniquely relevant location sandwiched between two primary Tarrant County thoroughfares, Grapevine Highway and Mid Cities Boulevard, which experience combined traffic counts of 56,000 VPD. Drive Thru Value Add Opportunity benefits from exceptional demographics with the average household income exceeding $150,100, $139,100 and $142,400 in a one-, three- and five-mile radius, respectively. Notable national retailers in the area include Walmart Supercenter, Tom Thumb, Sprouts, Lowes, The Home Depot, Kroger, Walmart Supercenter, Natural Grocers, Chick Fil A, McDonalds and Planet Fitness, amongst numerous others.
Notable Area Retailers Include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Aldi, CVS Pharmacy, Starbucks, InN-Out Burger, AT&T, Panera Bread, Chase Bank & More!
Notable Area Retailers Include Walmart Supercenter, Super Target, Kroger, Natural Grocers, Aldi, CVS Pharmacy, Starbucks, InN-Out Burger, AT&T, Panera Bread, Chase Bank & More!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,964 SF
Building Class
B
Year Built
1995
Price
$1,700,000
Price Per SF
$573.55
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.74 AC
Zoning
Commercial - Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41503856 | Improvements Assessment | $613,793 |
| Land Assessment | $387,384 | Total Assessment | $1,001,177 |
Property Taxes
Parcel Number
41503856
Land Assessment
$387,384
Improvements Assessment
$613,793
Total Assessment
$1,001,177
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Drive Thru Value Add Opportunity | 460 Grapevine Hwy
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