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906 Pioneer Pkwy Grand Prairie, TX 75051

OFF-MARKET Commercial real estate Google Maps
3,500 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Total area 3,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Restaurant
  • Atm
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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