1206 Main St Grand Prairie, TX 75050-5606
Property profile & analytics
1206 Main St, Grand Prairie, TX 75050-5606
- Grocery and convenience stores
- 5,530 SF
- 1.28 lot acres
Property ID
US82-9373149
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Amazon Locker - Lupin / Courier Service / Postal Service
- Western Union / Bank / Credit Union
- QuikTrip / Grocery & Convenience Store
Property Details for 1206 Main St
- Year built
- 2014
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.28 lot acres
- Zone code
- Z31
- Property type
- Grocery and convenience stores
- APN
- 28675190010010000
- APU
- 28675190010010000
Description
This exceptional investment opportunity presents a fee-simple interest in a single-tenant QuikTrip convenience store and gas station located at 1206 W Main St, Grand Prairie, TX, within the Dallas MSA. The 5,720 square foot property, built in 2015, sits on a 1.28-acre lot and boasts 18 gas pumps. Benefiting from a prime location along the George Bush Turnpike (77,400+ vehicles per day), it's adjacent to the Heller Industrial Park. The property enjoys strong demographics, with nearly 250,000 residents within a five-mile radius. The Absolute NNN lease with QuikTrip Corporation features a corporate guarantee, providing significant security. The current lease, commencing August 1, 2015, and expiring June 30, 2034, has a remaining term of 9.6 years, including seven five-year renewal options. Rent increases of approximately $1.91 per square foot are built in every five years, with the next increase scheduled for August 2025. The property's current NOI is $288,828, resulting in a 5.65% cap rate and a price per square foot of $893.71. The asking price is $5,112,000. This is a rare opportunity to acquire a well-performing, strategically located QuikTrip property with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $480,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $638,000
Market price range: $522k - $793k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $875,000
- RESTAURANT
- $750,000
- RETAIL STORES
- $685,000
- OFFICE BUILDING
- $655,000
- AUTO REPAIR, GARAGE
- $605,000
- MEDICAL BUILDING
- $400,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Prairie
- County
- Dallas
- State
- Texas
- Longitude
- -97.0213
- Latitude
- 32.7421
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,176
$167,790
$1,274,450
$1,442,240
-
$167,790
$1,274,450
$1,442,240
