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Son of A Butcher | Grapevine, TX 480 W State Highway 114

2,389 SF Retail Building Grapevine, TX 76051 $2,545,000 ($1,065/SF) 5.50% Cap Rate

Retail Space Texas Grapevine 480 W State Highway 114, Grapevine, TX 76051

INVESTMENT HIGHLIGHTS

  • Single-Tenant Son of a Butcher Drive-Thru: New 15-year absolute NNN ground lease, 13 years remaining; 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: The Dallas-Fort Worth region ranks among the top 3 U.S. metro areas for business expansions, relocations, and employment growth

EXECUTIVE SUMMARY

New 15-year Absolute NNN Ground Lease | Dominant Retail Corridor | Affluent Dallas-Fort Worth Suburb; $162K AHHI

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,389 SF
Building Class
B
Year Built
2023
Price
$2,545,000
Price Per SF
$1,065
Cap Rate
5.50%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.87 AC
Zoning
HC - Highway Commercial District
Parking
26 Spaces (10.88 Spaces per 1,000 SF Leased)
Frontage
73 FT on West State Highway 114

AMENITIES

  • Drive Thru

LINKS

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480 W State Highway 114, Grapevine, TX - AERIAL map view - Image1
480 W State Highway 114, Grapevine, TX - AERIAL map view - Image2

NEARBY MAJOR RETAILERS

Olive Garden
Portillo's
P.F. Chang's
Saltgrass Steak House
Hooters
Pluckers Wing Bar
Buffalo Wild Wings
The Original Pancake House
Freebirds World Burrito
Firebirds

PROPERTY TAXES

Parcel Numbers
Multiple
  • 41507754
  • 42925272
 Improvements Assessment $821,900
Land Assessment $1,147,426 Total Assessment $1,969,326

PROPERTY TAXES

Parcel Numbers
Multiple
  • 41507754
  • 42925272
Land Assessment
$1,147,426
Improvements Assessment
$821,900
Total Assessment
$1,969,326
(844) 585-7684

CONTACTS

  • Listing ID: 33397599

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 480 W State Highway 114, Grapevine, TX 76051

More public record information on 480 W State Highway 114, Grapevine, TX 76051

The Downtown Grapevine Retail Property at 480 W State Highway 114, Grapevine, TX 76051 is currently available. Contact Hanley Investment Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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VIDEOS
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480 W State Highway 114, Grapevine, TX for sale Building Photo- Image 1 of 5
SonofaButcher_Grapevine_Cover
480 W State Highway 114, Grapevine, TX for sale Site Plan- Image 2 of 5
SonofaButcher_Grapevine_Siteplan
480 W State Highway 114, Grapevine, TX for sale Aerial- Image 3 of 5
SonofaButcher_Grapevine_Aerial
480 W State Highway 114, Grapevine, TX for sale Aerial- Image 4 of 5
SonofaButcher_Grapevine_Aerial2

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Son of A Butcher | Grapevine, TX | 480 W State Highway 114
(844) 585-7684 x

Son of A Butcher | Grapevine, TX | 480 W State Highway 114

1/2

Bill Asher

(844) 585-7684

(844) 585-7684

Jeff Lefko

(844) 585-7682

(844) 585-7682

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