460 W State Highway 114 | Grapevine, TX 76051
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460 W State Highway 114
Grapevine, TX 76051
Portillo’s | Grapevine, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-New Construction Single-Tenant Portillo’s (NASDAQ: PTLO): New 10.5-year absolute NNN ground lease; zero landlord responsibilities
- Situated at the Intersection of Highways 114 and 121 in a Popular Dallas Suburb
- Dense, Affluent Demographics: 125,744 people with average household incomes over $162,000 within a 5-mile radius
- Strategically Located in the Heart of Grapevine’s Primary Retail Corridor
- The Property is Less than 5 Miles from Huge Traffic Draws and Caters to the Visitors of the Nearby Hotels and Airport
- Dallas-Fort Worth MSA: Largest metropolitan area in Texas and fourth largest in the United States, with over 7.8 million residents
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
6,250 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.27 AC
Parking
204 Spaces (32.64 Spaces per 1,000 SF Leased)
Frontage
122’ on West State Highway 114
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
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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