Property summary
This exceptional commercial land parcel, located on E Mayfield Rd in Grand Prairie, Texas (Tarrant County, zip code 75052), offers a unique ground lease opportunity. The site boasts a size ranging from 0.955 to 2.58 acres, providing flexibility to accommodate various development needs. Situated at a signalized intersection, this property benefits from excellent visibility and accessibility. The location is strategically positioned near major retail anchors, including a new IKEA, future Bass Pro Shops, and future Andretti Indoor Karting, ensuring high traffic volume and strong consumer draw. Further enhancing its appeal, the area is experiencing significant residential growth, with over 2,000 new multifamily units either recently completed or currently under construction within a one-mile radius. Utilities are available on-site, and the property features convenient left-in/left-out access. The asking price for the ground lease is $160,000 per year for an initial 15-year term, with options for extension and built-in rent increases. The favorable zoning makes this an exceptional investment opportunity for quick-service restaurants (QSRs) or banking institutions. The APN is 28978880060010000. Site size can be adjusted to meet specific requirements.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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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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