2505 Grapevine Mills Cir E, Grapevine, TX 76051
14,713-SF second-generation restaurant available for sale or lease.
- Added:
- Sep 15, 2023
- Days on Market:
- 1028
- Last Refresh:
- Jul 5 at 5:29 am
Property Features for 2505 Grapevine Mills Cir E
General Information
- Standard status
- Active
- Size
- 14,713 SF
- Property subtype
- Retail
Listing office Waypoint Real Estate Development & Advisors (817) 991-5072
Listing date Sep 15, 2023
Source Crexi
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 Waypoint Real Estate Development & Advisors
HighLights
- 14,713‑SF Freestanding Building
- 2nd‑Generation Restaurant
- Available for Sale
- Available for Lease
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.8k | $21.60 |
| − Vacancy | −$20.7k | −$1.40 |
| EGI | $297.1k | $20.20 |
| − OpEx | −$74.3k | −$5.05 |
| NOI | $222.9k | $15.15 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dimassi's Mediterranean Buffet — 2001 State Hwy 121, Grapevine, TX 76051
Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0388481
- Latitude
- 32.9649075
