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    2910 Rio Grande Blvd Euless, TX 76039

    Sponsored
    For Sale
    $6,529,808

    High-Cap Rate, Fully Leased, Prime Location

    Property size:
    8,391 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A retail property, located at 2910 Rio Grande Blvd in Euless, Texas, presents a compelling investment opportunity. The 8,391 square foot building, constructed in 2023, sits on a 1.58-acre lot and boasts 100% occupancy with a strong tenant mix of Piada and Kura Sushi. The property benefits from a 6.25% cap rate and a substantial net operating income (NOI) of $408,113, reflecting a recent price reduction to $6,529,808. Situated within the thriving 194-acre Glade Parks mixed-use development, this outparcel building enjoys exceptional visibility and access. The location is strategically positioned across Rio Grande Blvd from a top-performing Target store, attracting over 2.2 million visitors annually. Glade Parks itself is a high-traffic destination, ranking in the top 2% nationally and in Texas, with over 6.4 million annual visitors. The surrounding area features a dense population exceeding 100,000 within a 3-mile radius, exhibiting average household incomes surpassing $145,000. This property's prime location, strong tenant occupancy, and impressive financial performance make it an ideal addition to any investment portfolio. The property is zoned for Planned Development and consists of a single, one-story building.

    Property Features for 2910 Rio Grande Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    8,391 SF
    Class
    A
    Lot Size
    68,825 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • $6,529,808 Asking Price.
    • 8,391 SF, Class A, Multi‑Tenant Retail Building.
    • 100% Occupancy with Piada and Kura Sushi tenants.
    • 6.25% Cap Rate, $408,113 NOI.
    • New Construction (2023), 1‑story building on a 1.58‑acre lot in Euless, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1021097
    Latitude
    32.8789791

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate, Fully Leased, Prime Location
    Where is this restaurant located?
    The property is located at 2910 Rio Grande Blvd Euless, TX.
    What is the asking price?
    The asking price for this property is $6,529,808.
    What are key features of this property?
    This property features: $6,529,808 Asking Price.; 8,391 SF, Class A, Multi-Tenant Retail Building.; 100% Occupancy with Piada and Kura Sushi tenants.
    Request Owner's contact information
    2910 Rio Grande Blvd Euless, TX 76039
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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
    2910 Rio Grande Blvd Euless, TX 76039
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