421 Us-377 Argyle, TX 76226
This exceptional 4,983-square-foot freestanding restaurant building, constructed in 2004, presents a unique investment opportunity in the thriving town of Argyle, Texas. Located at 421 US-377, the property enjoys approximately 115 feet of frontage on US-377, providing excellent visibility and accessibility. The single-tenant building benefits from a cross-parking agreement with an adjacent office building, ensuring ample parking for patrons. Convenient access is also available from US 377 and via a multiple-parcel cross-access agreement providing access from FM 407, near a CVS Pharmacy. Argyle's demographics are strong, with currently limited restaurant options, creating high demand for this type of establishment. The property's strategic location is further enhanced by its proximity to major residential developments such as Waterbrook and Canyon Falls, situated along US 377. Less than two miles away lies I-35W, along with the Harvest and Pecan Square developments. The upcoming Furst Ranch project, encompassing over 1,000 acres, is located less than two miles south, promising significant future growth in the area. This prime location and the limited restaurant competition make this a compelling investment opportunity for discerning buyers. The property's single-story design and ample parking contribute to its operational efficiency and appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.