Restaurant Property on State Highway

450 W State Hwy 114, Grapevine, TX

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For Sale

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Restaurant property with a new 15-year ground lease.

Type:RETAIL

Property size:

6,500 SF

Lot size:

1.46 Acres

Price / SF:

$881/SF

HighLights

Brand new 15‑year ground lease with 10% rental increases.
Corporate guarantee from Firebirds, backed by Garnett Stations Partners.
Located on State Highway 114, boasting high traffic volume of over 205,000 vehicles per day.
Located near Southlake Town Center and Gaylord Texan Resort & Convention Center.
Strong income demographics in the area, with an average household income of $144,000.
Located in one of the most robust restaurant corridors in Dallas‑Fort Worth.

We can help!

Listing Contact

Adam Gottschalk

For Sale

Contact for pricing

Restaurant property with a new 15-year ground lease.

Type:RETAIL

Property size:

6,500 SF

Lot size:

1.46 Acres

Price / SF:

$881/SF

Added:: Apr 16, 2024
Days on Market:: 784
Last Refresh:: May 20 at 8:08 pm

Property Features for 450 W State Hwy 114

General Information

Standard status: Active
Size: 6,500 SF
Lot size: 1.46 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Adam Gottschalk

Listing agent Adam Gottschalk License #TX 636961

Listing office STRIVE

Listing date Apr 16, 2024

Source Moodyscre

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

HighLights

Brand new 15‑year ground lease with 10% rental increases.
Corporate guarantee from Firebirds, backed by Garnett Stations Partners.
Located on State Highway 114, boasting high traffic volume of over 205,000 vehicles per day.
Located near Southlake Town Center and Gaylord Texan Resort & Convention Center.
Strong income demographics in the area, with an average household income of $144,000.
Located in one of the most robust restaurant corridors in Dallas‑Fort Worth.

Overview

This property features a brand new 15-year ground lease with 10% rental increases during the primary term and option periods. The location is along State Highway 114, which experiences an average daily traffic of over 205,000 vehicles. The property is southeast of Southlake Town Center, a 330,000 square foot shopping center anchored by Apple, REI, and Central Market, and south of Gaylord Texan Resort & Convention Center. The trade area demonstrates strong restaurant sales. The average household income in the immediate area is $144,000. Firebirds operates 57 locations in 20 states throughout the South and Southeast, generating an estimated $300 million in sales across their portfolio. The lease is corporate guaranteed by Firebirds Corporate, backed by Garnett Stations Partners, a private equity group in New York.

Property Profile Location Intelligence

Current Use by Public Records

Firebirds Wood Fired ... Restaurant

Suggested Use

Similar Places Nearby

Chill Catering Grapevine — 814 S Main St, Grapevine, TX 76051

Location Insight

Map
Local Demand

City: Grapevine
County: Tarrant
State: Texas
Longitude: -97.0811
Latitude: 32.925

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For sale
Restaurants
TX
Grapevine
450 W State Hwy 114

What type of property is this?

Restaurant - Restaurant property with a new 15-year ground lease.

Where is this restaurant located?

The property is located at 450 W State Hwy 114 Grapevine, TX.

What is the asking price?

The asking price for this property is $5,730,000.

What are key features of this property?

This property features: Brand new 15‑year ground lease with 10% rental increases.; Corporate guarantee from Firebirds, backed by Garnett Stations Partners.; Located on State Highway 114, boasting high traffic volume of over 205,000 vehicles per day.

450 W State Hwy 114, Grapevine, TX

Restaurant property with a new 15-year ground lease.

Property Features for 450 W State Hwy 114

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Downtown Office Building

Stabilized Quadplex Income Property

Grapevine, TX NNN Investment Opportunity

Renovated Office Building with Parking

Grapevine Professional Office Building

Freestanding Caribou Coffee Investment Property

Grapevine Office Building Investment

Grocery Anchored Shopping Center Space

Grapevine Restaurant Investment Opportunity

Occupied Medical Office For Sale

Grapevine Retail Space For Sale

Freestanding Medical Office Space

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