For Sale
$2,440,000

2120 Rio Grande Blvd Euless, TX 76039

High-yield QSR investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a brand-new, 865-square-foot Salad And Go restaurant located at 2120 Rio Grande Blvd, Euless, TX 76039, within the high-performing Glade Parks shopping center. The property boasts a 20-year absolute NNN ground lease commencing March 9, 2024, and expiring March 31, 2044, offering a substantial remaining lease term of approximately 19.4 years. The lease includes a corporate guarantee from Salad And Go, eliminating landlord responsibilities. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The property sits on a 0.9-acre lot and benefits from exceptional visibility and traffic counts exceeding 181,000 vehicles per day at the intersection of Hwy 121 & Cheek-Sparger Rd. The property's Class A construction was completed in 2024, and the location is strategically positioned within a thriving area, boasting more than 117,000 people within a three-mile radius, with average household incomes exceeding $144,000. Glade Parks consistently ranks in the top 2% of shopping centers nationally, attracting over 6.4 million annual visitors. Further enhancing the location's appeal, a new 119,000-square-foot HEB store is slated to open in Q2 2026, immediately south of the site. The asking price is $2,440,000, representing a price per square foot of $2,820.81 and a compelling 6.25% cap rate with a current NOI of $152,500 and 100% occupancy. This is a rare opportunity to acquire a high-quality, passively managed, net-leased investment in a prime location.

Highlights

  • Brand-new, 865 SF Salad And Go restaurant in high-performing Glade Parks shopping center, Euless, TX.
  • 20-year absolute NNN ground lease (March 9, 2024 - March 31, 2044) with corporate guarantee.
  • 10% rent increase every five years; approx. 19.4 years remaining lease term.
  • 0.9-acre lot with exceptional visibility; traffic counts exceeding 181,000 vehicles/day.
  • $2,440,000 asking price ($2,820.81/SF); 6.25% cap rate; $152,500 NOI; 100% occupancy.

Property Details for 2120 Rio Grande Blvd

Property type
Retail properties
Square Feet
865 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Euless
County
Tarrant
State
Texas
Latitude
32.868442558839
Longitude
-97.103163184947
2120 Rio Grande Blvd, Euless, Texas

FAQs

What type of property is this?
Retail property - High-yield QSR investment, strong tenant.
Where is the retail property located?
The property is located at 2120 Rio Grande Blvd Euless, TX.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Brand-new, 865 SF Salad And Go restaurant in high-performing Glade Parks shopping center, Euless, TX.; 20-year absolute NNN ground lease (March 9, 2024 - March 31, 2044) with corporate guarantee.; 10% rent increase every five years; approx. 19.4 years remaining lease term.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2120 Rio Grande Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message