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Corner Hooters with AMAZING visibility 7669 Grapevine Hwy 4,922 SF Retail Building North Richland Hills, TX 76180 $2,895,000 ($588.18/SF) 6.42% Cap Rate
Investment Highlights
- SUPER High traffic | 6.4% CAP | 48k VPD
Executive Summary
Rent can be renegotiated based on unique stipulation for option period
Been there 20+ years
Extremely high traffic corridor
45k weekly sales and 100+ unit operator
VERY STRONG VPD
This Hooters restaurant property offers a rare NNN investment opportunity in North Richland Hills, Texas. The property features a franchisee operator with over 100 units, demonstrating strong operational expertise and financial stability. Located on an extremely high-traffic corridor along Grapevine Hwy with 33,868 vehicles per day, and on NE Loop there are 15,000+ VPD, the restaurant generates approximately $45,000 in weekly sales. The tenant has been operating at this location for more than 20 years, showcasing long-term stability and commitment to the site.
Been there 20+ years
Extremely high traffic corridor
45k weekly sales and 100+ unit operator
VERY STRONG VPD
This Hooters restaurant property offers a rare NNN investment opportunity in North Richland Hills, Texas. The property features a franchisee operator with over 100 units, demonstrating strong operational expertise and financial stability. Located on an extremely high-traffic corridor along Grapevine Hwy with 33,868 vehicles per day, and on NE Loop there are 15,000+ VPD, the restaurant generates approximately $45,000 in weekly sales. The tenant has been operating at this location for more than 20 years, showcasing long-term stability and commitment to the site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,922 SF
Building Class
C
Year Built/Renovated
1988/2000
Price
$2,895,000
Price Per SF
$588.18
Cap Rate
6.42%
NOI
$186,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.78 AC
Zoning
C-1
Parking
74 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
331’ on Grapevine Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06200125 | Improvements Assessment | $976,125 |
| Land Assessment | $423,875 | Total Assessment | $1,400,000 |
Property Taxes
Parcel Number
06200125
Land Assessment
$423,875
Improvements Assessment
$976,125
Total Assessment
$1,400,000
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Corner Hooters with AMAZING visibility | 7669 Grapevine Hwy