Former IHOP 3317 E Highway 114 5,147 SF Retail Building Southlake, TX 76092 For Sale
EXECUTIVE SUMMARY
OVERVIEW
• 5,147 SF Freestanding 2nd Gen Restaurant on 1.55 AC Lot
• Located in Southlake near Southlake Town Square and Grapevine border
• Across from Baylor Regional Medical Center of Grapevine and only 4 miles from Dallas/Fort Worth International Airport
• Surrounding national retailers include Walmart, Sam’s Club, Target, Kohl’s, Tom Thumb, Lowe’s, CVS Pharmacy and many more
• Low negotiated electricity rate $0.04012 cents/kwh to be assigned to tenant, saving over 50%/mo. vs. current market $0.084 rate for electricity
• Call for Info & Price
• 5,147 SF Freestanding 2nd Gen Restaurant on 1.55 AC Lot
• Located in Southlake near Southlake Town Square and Grapevine border
• Across from Baylor Regional Medical Center of Grapevine and only 4 miles from Dallas/Fort Worth International Airport
• Surrounding national retailers include Walmart, Sam’s Club, Target, Kohl’s, Tom Thumb, Lowe’s, CVS Pharmacy and many more
• Low negotiated electricity rate $0.04012 cents/kwh to be assigned to tenant, saving over 50%/mo. vs. current market $0.084 rate for electricity
• Call for Info & Price
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,147 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.55 AC
Zoning
C-Southlake
Parking
59 Spaces (11.46 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07217382 | Improvements Assessment | $878,152 |
| Land Assessment | $811,848 | Total Assessment | $1,690,000 |
