1295 Main St Grapevine, TX 76051
Property profile & analytics
1295 Main St Grapevine, TX 76051
- Turn key restaurants
- 5,888 SF
- 1.18 lot acres
Property ID
US82-3504693
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
- Mi Dia From Scratch / Restaurant
Property Details for 1295 Main St
- Year built
- 2006
- Lot size
- 1.18 lot acres
- Property size
- 5,888 SF
- Property type
- Turn key restaurants
- APN
- 16608C--3
- APU
- 16608C3
Description
This exceptional 7,330 square foot restaurant in Grapevine, Texas, presents a compelling investment opportunity. Located at 1295 S Main St, 76051, this single-story, 2011-built property boasts a strong, long-term tenant under an absolute NNN lease with 8.4 years remaining (through April 30, 2033). The lease commenced October 3, 2011, and was recently extended. The tenant consistently generates strong sales, paying a percentage rent (5% of net sales) in addition to a base rent, providing significant stability and upside potential. The property enjoys a 6.50% cap rate and a Net Operating Income (NOI) of $340,587, with 100% occupancy. Situated in a high-traffic area near major attractions like Dallas-Fort Worth International Airport, Gaylord Texan Resort, and Great Wolf Lodge, the restaurant benefits from a high average household income exceeding $140,000 and a significant population boom in the last decade. Its prime location within a development featuring three other successful restaurants further enhances its appeal. The asking price is $5,240,000, translating to $714.87 per square foot. This property offers a rare combination of stability, strong income, and significant growth potential in a thriving Texas market. The property is highly visible to nearly 126,470 vehicles daily, at the intersection of Highways 114 & 121.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0777
- Latitude
- 32.9255
- 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
$51,112
$665,951
$1,769,049
$2,435,000
-
$665,951
$1,769,049
$2,435,000
