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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

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.
More about this property
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