2120 Rio Grande Blvd Euless, TX 76039

Property Details for 2120 Rio Grande Blvd

Year built

2024

Lot size

0.90 lot acres

Property size

865 SF

Property type

Retail properties

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