480 State Highway 114Grapevine, TX 76051

Property Details for 480 State Highway 114

Year built

2022

Lot size

0.87 AC

Property size (Sq ft)

2,374 SF

Property type

Turn key restaurants

APN

31915-1R-2R

APU

319151R2R

Description

This exceptional investment opportunity presents a 2,389 square foot, single-tenant, drive-thru quick-service restaurant (QSR) in Grapevine, Texas. The property boasts a new 15-year absolute NNN ground lease with 13 years remaining, offering a management-free investment with zero landlord responsibilities. Located on 0.87 acres at the intersection of Highways 114 and 121, this prime location benefits from over 205,000 vehicles daily, serving Dallas-Fort Worth commuters and airport traffic. The tenant, Son of a Butcher, is part of FB Society Restaurants, a reputable group with 40+ locations, providing a corporate-guaranteed lease. The property is surrounded by complementary national and credit tenants, including Super Target, Walmart, Sam's Club, Home Depot, Lowe's, and Costco, ensuring high visibility and consistent customer traffic. Situated in a high-growth area with affluent demographics (average household income over $162,000 within a 5-mile radius), this property offers significant upside potential. Rent increases are structured at 10% every five years, further enhancing the investment's long-term value. The property features a $2,667,000 asking price, a 5.25% cap rate, and a Net Operating Income (NOI) of $140,000. Built in 2023, this property is less than 5 miles from major traffic draws, including Dallas-Fort Worth International Airport and the Gaylord Texan Resort & Convention Center, ensuring a consistent stream of potential customers. The lease commenced April 1, 2023, and expires March 31, 2038, with four 5-year lease options, each including a 10% rent increase. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment in a thriving Texas market. The property's APN is 31915-1R-2R.

Location Insight

City

Grapevine

County

Tarrant

State

Texas

Latitude

32.9249

Longitude

-97.0815

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].