Exceptional investment opportunity: The Winewood Grill, a thriving 9,551 square foot restaurant in Grapevine, Texas, is available for purchase at $4,385,000. This single-tenant, absolute net lease property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $285,000. The current lease has four years remaining, with three five-year options, demonstrating the tenant's long-term commitment. The restaurant enjoys 100% occupancy and benefits from a prime location at 1265 S Main St, Grapevine, TX 76051, near major traffic arteries (Highways 114 & 121), and significant tourist attractions including Dallas-Fort Worth International Airport, Gaylord Texan Resort & Convention Center, and Great Wolf Lodge. The property is part of a successful development with three other high-performing restaurants, attracting a substantial customer base from Grapevine and affluent surrounding suburbs like Southlake, Coppell, and Flower Mound. The area boasts an average household income exceeding $140,000, significantly above the national average, and has experienced a 41% population increase in the last decade. This Class A restaurant, with its established history and significant capital investment, presents a compelling opportunity for investors seeking a stable, high-performing asset in a rapidly growing market. The property is situated near a $105 million mixed-use development and enjoys high visibility to nearly 126,470 vehicles daily. The 9,551 square foot lot provides ample space for the successful operation.
Highlights
Absolute Net Lease with zero landlord responsibilities.
Long-term lease with three, five-year options.
Strong restaurant sales and low occupancy costs; tenant extended their lease early.
10+ year operating history; Class A restaurant with substantial tenant investment.
Complementary to three other successful restaurants in the development.
Less than five miles from DFW Airport, Gaylord Texan, and Great Wolf Lodge, catering to hotel guests and airport traffic.
Retail property - Texas Restaurant - NNN Lease, High NOI
Where is the retail property located?
The property is located at 1265 Main St Grapevine, TX.
What is the asking price?
The asking price for this property is $4,385,000.
What are key features of this property?
This property features: Absolute Net Lease with zero landlord responsibilities.; Long-term lease with three, five-year options.; Strong restaurant sales and low occupancy costs; tenant extended their lease early.
How can I contact the broker?
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Contacts
Jason Vitorino
Michael Crovetti
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Main St Grapevine, TX 76051
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Main St Grapevine, TX 76051
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1265 Main St
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