Grapevine Restaurant Investment
415 W STATE 114 HWY Grapevine, TX
For Sale
Contact for pricing
NNN leased restaurant property in high-traffic Grapevine location.
Property Size5,625 SF
Lot Size1.53 Acres
Price / SF$566.22
Days on Market450
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) 844-8887
Listed By:
Jason Vitorino · License #TX 636961
(469) 844-8887
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:21AM
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
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 For 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 | $140.4k | $24.96 |
| − Vacancy | −$7.0k | −$1.25 |
| EGI | $133.4k | $23.71 |
| − OpEx | −$40.0k | −$7.11 |
| NOI | $93.4k | $16.60 |
5,625 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Restaurants
Similar Off Market Nearby
- Yayayum Boards — 112 E Texas St, Grapevine, TX 76051
- Chill Catering Grapevine — 814 S Main St, Grapevine, TX 76051
- Flying Food Group — 1257 Minters Chapel Rd, Grapevine, TX 76051
FAQs
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
