1265 S Main St Grapevine, TX 76092

Property Details for 1265 S Main St

Year built

2006

Lot size

1.51 lot acres

Property size

9,230 SF

Property type

Turn key restaurants

APN

16608C--2

APU

16608C2

Description

Exceptional investment opportunity: The Winewood Grill, a thriving 9,551 square foot restaurant in Grapevine, Texas, is available for purchase at $4,385,000. This single-tenant, absolute net lease property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $285,000. The current lease has four years remaining, with three five-year options, demonstrating the tenant's long-term commitment. The restaurant enjoys 100% occupancy and benefits from a prime location at 1265 S Main St, Grapevine, TX 76051, near major traffic arteries (Highways 114 & 121), and significant tourist attractions including Dallas-Fort Worth International Airport, Gaylord Texan Resort & Convention Center, and Great Wolf Lodge. The property is part of a successful development with three other high-performing restaurants, attracting a substantial customer base from Grapevine and affluent surrounding suburbs like Southlake, Coppell, and Flower Mound. The area boasts an average household income exceeding $140,000, significantly above the national average, and has experienced a 41% population increase in the last decade. This Class A restaurant, with its established history and significant capital investment, presents a compelling opportunity for investors seeking a stable, high-performing asset in a rapidly growing market. The property is situated near a $105 million mixed-use development and enjoys high visibility to nearly 126,470 vehicles daily. The 9,551 square foot lot provides ample space for the successful operation.

Location Insight

City

Grapevine

County

Tarrant

State

Texas

Longitude

-97.0774

Latitude

32.926

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments