2120 Rio Grande Blvd, Euless, TX 76039

Property Details for 2120 Rio Grande Blvd

Year built

2024

Lot size

0.90 lot acres

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, 865-square-foot Salad And Go restaurant located at 2120 Rio Grande Blvd, Euless, TX 76039, within the high-performing Glade Parks shopping center. The property boasts a 20-year absolute NNN ground lease commencing March 9, 2024, and expiring March 31, 2044, offering a substantial remaining lease term of approximately 19.4 years. The lease includes a corporate guarantee from Salad And Go, eliminating landlord responsibilities. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The property sits on a 0.9-acre lot and benefits from exceptional visibility and traffic counts exceeding 181,000 vehicles per day at the intersection of Hwy 121 & Cheek-Sparger Rd. The property's Class A construction was completed in 2024, and the location is strategically positioned within a thriving area, boasting more than 117,000 people within a three-mile radius, with average household incomes exceeding $144,000. Glade Parks consistently ranks in the top 2% of shopping centers nationally, attracting over 6.4 million annual visitors. Further enhancing the location's appeal, a new 119,000-square-foot HEB store is slated to open in Q2 2026, immediately south of the site. The asking price is $2,440,000, representing a price per square foot of $2,820.81 and a compelling 6.25% cap rate with a current NOI of $152,500 and 100% occupancy. This is a rare opportunity to acquire a high-quality, passively managed, net-leased investment in a prime location.

Location Insight

City

Euless

County

Tarrant

State

Texas

Longitude

-97.1032

Latitude

32.8684