204 N Dooley St, Grapevine, TX

This service-oriented retail and office property is located in Grapevine, Texas. Suited for investors or owner-users, this property offers potential through the lease-up of available space and adjustment of rental rates. Situated north of Northwest Highway (Highway Bypass 114), the property is near Historic Downtown Grapevine and Main Street. The property was renovated in 2005 and consists of two single-tenant assets totaling 26,650 square feet on over 2.90 acres. Building 1 offers 24,000 square feet, which is separated into three suites and move-in ready. It can also be kept as a single-tenant asset. Building 2 is leased by EPS, a tenant with seven years of occupancy, paying below-market rates at $14.50 NNN, with less than two years remaining on the current term and two five-year options at FMV. The property has visibility and accessibility with positioning along N. Dooley Street and ample parking at over 5.10 per 1,000. Convenient access is available to DFW International Airport, Grapevine Lake, Gaylord Texan Resort, Great Wolf Lodge, Bass Pro Shop, Grapevine Mills Mall, and Historic Downtown Grapevine/Main Street. The surrounding area has approximately 36,150 to 108,164 residents with average household incomes between $96,767 and $143,055 within a 3 and 5 mile radius, respectively. There are 3,059 and 6,622 businesses with 81,473 and 164,108 employees within a 3 and 5 mile radius.