Denny's NNN Restaurant
For Sale
Contact for pricing
408 Westchase Drive, Grand Prairie, TX 75052
Absolute NNN lease structure transfers taxes, insurance, maintenance, and management responsibilities to the tenant.
Property Size5,241 SF
Price / SF$466.70
Days on Market64
Property Features for 408 Westchase Drive
General Information
Standard status
Active
Size
5,241 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$165,092
Additional Details
Highway Access
Yes
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
DUWEST
Listed By:
Will Walters · License #TX 596941
(214) 675-3665
Source:
Crexi
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 12 at 7:33PM
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 DUWEST
Investment Insights
Based on property information with market context.
This 5,241 SF Denny’s restaurant property is leased under an absolute NNN structure, with the tenant responsible for taxes, insurance, maintenance, and management. The tenant has occupied the site continuously since 2005, and the current lease extension runs through July 31, 2036, with the new term beginning August 1, 2026. The operator, EYM Diner of DFW, LLC, maintains 18 locations in the region.
Located at 408 Westchase Drive in Grand Prairie, the property is positioned near Carrier Parkway and Interstate 20, which record 19,202 VPD and 188,713 VPD, respectively. The surrounding retail area includes Target, Tom Thumb, Chipotle, Starbucks, Home Depot, Chick-fil-A, and Cinemark. Within one mile, average household income is $147,035 and average home value is $410,114.
The lease provides contractual 8% rent increases every five years and includes four remaining five-year renewal options.
Located at 408 Westchase Drive in Grand Prairie, the property is positioned near Carrier Parkway and Interstate 20, which record 19,202 VPD and 188,713 VPD, respectively. The surrounding retail area includes Target, Tom Thumb, Chipotle, Starbucks, Home Depot, Chick-fil-A, and Cinemark. Within one mile, average household income is $147,035 and average home value is $410,114.
The lease provides contractual 8% rent increases every five years and includes four remaining five-year renewal options.
Key Highlights
- Lease extended through July 31, 2036; new term begins August 1, 2026
- Absolute NNN structure places taxes, insurance, maintenance, and management with the tenant
- 5,241 SF Denny’s restaurant property at 408 Westchase Drive, Grand Prairie, TX 75052
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,848
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,960
$1.6M
Cap Rate 7%
$1,169,257
$1.2M
Cap Rate 9%
$909,422
$909.4K
Market Conditions
NOI Build-Up for 5,241 SF
Gross rent
$113.2K $21.60/SF
− Vacancy
−$4.1K −$0.78/SF
EGI
$109.1K $20.82/SF
− OpEx
−$27.3K −$5.21/SF
NOI
$81.8K $15.62/SF
Area
Grand Prairie, TX
Vacancy
3.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,960
Cap Rate 7%
$1,169,257
Cap Rate 9%
$909,422
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,848 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,143 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
610k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 15%
Shops & Services 13%
Home Improvements & Furnishings 8%
Target
Superstores
92,734 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
50,045 visits/mo
0.3 miles
Tom Thumb
Groceries
45,653 visits/mo
0.3 miles
Cinemark Movies 16
Leisure
43,850 visits/mo
0.2 miles
Chick-fil-A
Dining
40,899 visits/mo
0.2 miles
Demographics for 75052, TX
96,225
Population
33,386
Households
2.9
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
26.4 sq mi
ZIP Area
3,645
Density / Sq Mi
$87,320
Median Household Income
$48,619
Median Earnings
$1,680
Median Rent
$282,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure transfers taxes, insurance, maintenance, and management responsibilities to the tenant.
Where is this nnn property located?
The property is located at 408 Westchase Drive Grand Prairie, TX.
What is the asking price?
The asking price for this property is $2,446,000.
What are key features of this property?
This property features: Lease extended through July 31, 2036; new term begins August 1, 2026; Absolute NNN structure places taxes, insurance, maintenance, and management with the tenant; 5,241 SF Denny’s restaurant property at 408 Westchase Drive, Grand Prairie, TX 75052
