480 State Hwy 114 Grapevine, TX 76051

This exceptional investment opportunity presents a 2,389 square foot, single-tenant, drive-thru quick-service restaurant (QSR) in Grapevine, Texas. The property boasts a new 15-year absolute NNN ground lease with 13 years remaining, offering a management-free investment with zero landlord responsibilities. Located on 0.87 acres at the intersection of Highways 114 and 121, this prime location benefits from over 205,000 vehicles daily, serving Dallas-Fort Worth commuters and airport traffic. The tenant, Son of a Butcher, is part of FB Society Restaurants, a reputable group with 40+ locations, providing a corporate-guaranteed lease. The property is surrounded by complementary national and credit tenants, including Super Target, Walmart, Sam's Club, Home Depot, Lowe's, and Costco, ensuring high visibility and consistent customer traffic. Situated in a high-growth area with affluent demographics (average household income over $162,000 within a 5-mile radius), this property offers significant upside potential. Rent increases are structured at 10% every five years, further enhancing the investment's long-term value. The property features a $2,667,000 asking price, a 5.25% cap rate, and a Net Operating Income (NOI) of $140,000. Built in 2023, this property is less than 5 miles from major traffic draws, including Dallas-Fort Worth International Airport and the Gaylord Texan Resort & Convention Center, ensuring a consistent stream of potential customers. The lease commenced April 1, 2023, and expires March 31, 2038, with four 5-year lease options, each including a 10% rent increase. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment in a thriving Texas market. The property's APN is 31915-1R-2R.