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    1295 Main St Grapevine, TX 76051

    For Sale
    $5,240,000

    High-Income Area, Long-Term Lease, Strong NOI

    Property size:
    7,330 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7,330 square foot restaurant in Grapevine, Texas, presents a compelling investment opportunity. Located at 1295 S Main St, 76051, this single-story, 2011-built property boasts a strong, long-term tenant under an absolute NNN lease with 8.4 years remaining (through April 30, 2033). The lease commenced October 3, 2011, and was recently extended. The tenant consistently generates strong sales, paying a percentage rent (5% of net sales) in addition to a base rent, providing significant stability and upside potential. The property enjoys a 6.50% cap rate and a Net Operating Income (NOI) of $340,587, with 100% occupancy. Situated in a high-traffic area near major attractions like Dallas-Fort Worth International Airport, Gaylord Texan Resort, and Great Wolf Lodge, the restaurant benefits from a high average household income exceeding $140,000 and a significant population boom in the last decade. Its prime location within a development featuring three other successful restaurants further enhances its appeal. The asking price is $5,240,000, translating to $714.87 per square foot. This property offers a rare combination of stability, strong income, and significant growth potential in a thriving Texas market. The property is highly visible to nearly 126,470 vehicles daily, at the intersection of Highways 114 & 121.

    Property Features for 1295 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    7,330 SF

    Building Details

    Year Built
    2011
    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN lease; zero landlord responsibility.
    • Long‑term tenant with 8.4 years remaining on a recently extended lease (through April 30, 2033).
    • Strong tenant sales; 5% percentage rent plus base rent provides stability and upside potential.
    • Class A restaurant in a high‑traffic location near DFW Airport, Gaylord Texan, and Great Wolf Lodge.
    • High average household income ($140,000+) and significant population growth in the area.
    • Prime location within a development with three other successful restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mi Dia From ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0776611
    Latitude
    32.9254849

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    FAQs

    What type of property is this?
    Restaurant - High-Income Area, Long-Term Lease, Strong NOI
    Where is this restaurant located?
    The property is located at 1295 Main St Grapevine, TX.
    What is the asking price?
    The asking price for this property is $5,240,000.
    What are key features of this property?
    This property features: Absolute NNN lease; zero landlord responsibility.; Long-term tenant with 8.4 years remaining on a recently extended lease (through April 30, 2033).; Strong tenant sales; 5% percentage rent plus base rent provides stability and upside potential.
    Request Owner's contact information
    1295 Main St Grapevine, TX 76051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1295 Main St Grapevine, TX 76051
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