Grapevine Restaurant Investment
For Sale
Contact for pricing
415 W STATE 114 HWY, Grapevine, TX
NNN leased restaurant property in high-traffic Grapevine location.
Property Size5,625 SF
Lot Size1.53 Acres
Price / SF$566.22
Days on Market542
Property Features for 415 W STATE 114 HWY
General Information
Standard status
Active
Size
5,625 SF
Lot size
1.53 Acres
Property subtype
RETAIL
Listing Agency:
STRIVE
(469) 844-8880
Listed By:
Jason Vitorino
(469) 844-8887
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 3
Last Checked: Oct 24 at 3:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a new 15-year absolute net lease with zero landlord responsibility. The lease includes a 10% rental increase every 5 years. The property is operated by seasoned operators with multiple concepts in the Dallas-Fort Worth area. Situated at the intersection of Highways 114 and 121, the location offers visibility to approximately 190,000 vehicles per day. The property is less than 5 miles from Dallas-Fort Worth International Airport, The Gaylord Texan Resort & Convention Center, and Great Wolf Lodge. The surrounding area caters to visitors of nearby hotels and the airport. The average household income in the area is $140,000, exceeding the national average by more than 1.5 times. The area has experienced a 41% population increase in the last 10 years. The location is frequented by travelers and residents of the surrounding suburbs of Southlake, Coppell, and Flower Mound. It is part of a development of 4 restaurants and is located near historic downtown Grapevine, close to a $105 million mixed-use development. The property size is 5,625 square feet.
Key Highlights
- New 15 year absolute net lease - zero landlord responsibility
- Located at the intersection of Highways 114 & 121 in a popular suburb of Dallas - visible to nearly 190,000 vehicles per day
- 10% rental increase every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,366
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,320
$1.9M
Cap Rate 7%
$1,333,800
$1.3M
Cap Rate 9%
$1,037,400
$1.0M
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$140.4K $24.96/SF
− Vacancy
−$7.0K −$1.25/SF
EGI
$133.4K $23.71/SF
− OpEx
−$40.0K −$7.11/SF
NOI
$93.4K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,320
Cap Rate 7%
$1,333,800
Cap Rate 9%
$1,037,400
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,366 @ 7.0% cap · market cap 2.93%
Second Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,202 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,510 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,115
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Flying Food Group — 1257 Minters Chapel Rd, Grapevine, TX 76051
- Chill Catering Grapevine — 814 S Main St, Grapevine, TX 76051
- Yayayum Boards — 112 E Texas St, Grapevine, TX 76051
Frequently Asked Questions
What type of property is this?
Restaurant - NNN leased restaurant property in high-traffic Grapevine location.
Where is this restaurant located?
The property is located at 415 W STATE 114 HWY Grapevine, TX.
What is the asking price?
The asking price for this property is $3,185,000.
What are key features of this property?
This property features: New 15 year absolute net lease - zero landlord responsibility; Located at the intersection of Highways 114 & 121 in a popular suburb of Dallas - visible to nearly 190,000 vehicles per day; 10% rental increase every 5 years
