301 S Park Blvd, Grapevine, TX 76051

This exceptional investment opportunity presents a 3,708-square-foot, single-tenant, absolute net lease retail property located at 301 S Park Blvd, Grapevine, Texas, 76051. The property, built in 1991 and situated on a 0.94-acre lot, is currently 100% occupied by Prosperity Bank under a 20-year lease commencing June 26, 2008, and expiring June 25, 2028. This leaves approximately 3.6 years remaining on the lease term. The lease includes four, five-year renewal options with a 10% rent increase every five years. The current annual net operating income (NOI) is $212,960, resulting in a 7.00% cap rate and a price per square foot of $820.39. The asking price for this property is $3,042,000. The tenant, Prosperity Bank, is backed by a corporate guarantee, providing significant financial security. This freestanding building benefits from excellent visibility and frontage, situated in a thriving retail hub near major retailers such as Costco, Sam's Club, Walmart, Lowe's, Kohl's, and 24 Hour Fitness. The location is also minutes from DFW International Airport and boasts a high average household income within a five-mile radius. This is a strong, low-risk investment opportunity with a proven location and operator. The property is offered as an absolute NNN lease, meaning the tenant is responsible for all operating expenses.