450 W State Hwy 114 Grapevine, TX
Call to check price and availability
Restaurant property with a new 15-year ground lease.
Type:RETAIL
Property size:
6,500 SFLot size:
1.46 AcresPrice / SF:
$881/SF- Added:
- Apr 16, 2024
- Days on Market:
- 739
- Last Refresh:
- Apr 5 at 11:20 pm
Property Features for 450 W State Hwy 114
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 1.46 Acres
- Property subtype
- RETAIL
Listing agent Adam Gottschalk License #TX 636961 (469) 844-8890
Listing office STRIVE (469) 844-8890
Listing date Apr 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Firebirds Wood Fired ...
Restaurant
Similar Places Nearby
- Chill Catering Grapevine — 814 S Main St, Grapevine, TX 76051
Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0811
- Latitude
- 32.925
Nearby Similar for Sale
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 Hwy 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.
