1295 Main St Grapevine, TX 76051
- Turn key restaurants
- 5,888 SF
- 1.18 lot acres
Current Use by Public Records
- Mi Dia From Scratch / Bar / Latin American 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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
