906 Pioneer Pkwy Grand Prairie, TX 75051

Property Details for 906 Pioneer Pkwy

Property size

3,500 SF

Property type

Commercial real estate

Description

This established Grand Prairie, Texas business, Zaza Pizza and Hookah Lounge, is offered for sale with a leaseback option. The 3,500 square foot space, located at 906 W Pioneer Pkwy, boasts a strong net operating income (NOI) of $18,000. The current lease is an Absolute NNN with 15 lease options and a remaining term of one year on a five-year lease. The asking price is $120,000, resulting in a price per square foot of $31.46. The property is zoned to allow for smoke permits. Included in the sale is substantial kitchen equipment, valued at approximately $87,000, including a double-stack oven pizza oven, two fryers, two freezers, a refrigerator, a walk-in cooler, a 18-foot vent hood, a pizza warmer, a flat grill, a double position stove, a small freezer, a small and large prep table, two medium stainless steel tables, a 60qt mixer, a rolling machine, a microwave, and three stainless steel shelves. The business is currently operating and ready for immediate transfer of ownership. The occupancy date for the leaseback is September 17, 2024. This presents a unique opportunity for a savvy investor seeking a profitable, established business with significant existing equipment. The high-traffic location ensures continued success for the new owner.

Location Insight

City

Grand Prairie

County

Dallas

State

Texas

Longitude

-97.0177

Latitude

32.71