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    450 W State Highway 114 Grapevine, TX 76051

    For Sale
    $5,730,000

    Restaurant property with a new 15-year ground lease.

    Property size:
    6,500 SF
    Lot size:
    1.46 Acres

    Property Features for 450 W State Highway 114

    General Information

    Size
    6,500 SF
    Lot size
    1.46 Acres

    Source: STRIVE Agent Adam Gottschalk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Property on State Highway

    This property features a brand new 15-year ground lease with 10% rental increases during the primary term and option periods. The location is along State Highway 114, which experiences an average daily traffic of over 205,000 vehicles. The property is southeast of Southlake Town Center, a 330,000 square foot shopping center anchored by Apple, REI, and Central Market, and south of Gaylord Texan Resort & Convention Center. The trade area demonstrates strong restaurant sales. The average household income in the immediate area is $144,000. Firebirds operates 57 locations in 20 states throughout the South and Southeast, generating an estimated $300 million in sales across their portfolio. The lease is corporate guaranteed by Firebirds Corporate, backed by Garnett Stations Partners, a private equity group in New York.
    Location Intelligence

    Current Use by Public Records

    Firebirds Wood Fired ... American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Chill Catering Grapevine

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.081089
    Latitude
    32.924969

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property with a new 15-year ground lease.
    Where is this restaurant located?
    The property is located at 450 W State Highway 114 Grapevine, TX.
    What is the asking price?
    The asking price for this property is $5,730,000.
    What are key features of this property?
    This property features: - Brand new 15-year ground lease with 10% rental increases.; - Corporate guarantee from Firebirds, backed by Garnett Stations Partners.; - Located on State Highway 114, boasting high traffic volume of over 205,000 vehicles per day.
    (469) 844-8890
    Request Owner's contact information
    450 W State Highway 114 Grapevine, TX 76051
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    Grapevine, TX 76051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 W State Highway 114 Grapevine, TX 76051
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