480 State Hwy 114 Grapevine, TX 76051-4015
Property profile & analytics
480 State Hwy 114 Grapevine, TX 76051-4015
- Turn key restaurants
- 2,374 SF
- 0.87 lot acres
Property ID
US82-6531855
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
- Son of a Butcher / Restaurant
Property Details for 480 State Hwy 114
- Year built
- 2022
- Lot size
- 0.87 lot acres
- Property size
- 2,374 SF
- Property type
- Turn key restaurants
- APN
- 31915-1R-2R
- APU
- 319151R2R
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0815
- Latitude
- 32.9249
- 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
$15,327
$570,630
$444,982
$1,015,612
-
$570,630
$444,982
$1,015,612
