Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Restaurant
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Atm
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Restaurant
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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