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28959058
28959059

1265 S Main St, Grapevine, TX 76051

JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate
$4,385,000
169 days on market
Updated 169 days ago

Winewood Grill

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,551
Cap Rate 6.5%
NOI $285,000
Occupancy 100%
Tenancy Single
Brand/Tenant Winewood Grill
Lease Type NNN
Lease Term 17.2
Lease Expiration 09/30/2028
Remaining Term 2.3
Price per SqFt $459
Year Built 2011
Buildings 1
Lease Commencement 07/20/2011

Retail | 6.50% CAP | 9,551 SqFt

Investment highlights

Absolute Net Lease – Zero Landlord Responsibility

Strong Restaurant Sales and Low Occupancy Cost

Beautiful Class ‘A’ Restaurant with Substantial Capital Invested by a Seasoned Restaurant Entrepreneur

Tenant Extended Their Primary Term Early – Showing Strong Commitment to the Site

15+ Year Operating History at This Location

3 x 5 Year Options with Rent Escalations

Complimentary to 3 Other Restaurants in the Development - Bob’s Steak & Chop House, Mi Dia, & Mio Nonna – Each of Which have Strong Store Sales

Less than 5 miles from Huge Traffic Draws Such as Dallas-Fort Worth International Airport, The Gaylord Texan Resort & Convention Center, and Great Wolf Lodge Caters to Visitors of the Nearby Hotels, Airport

Average Household Income is More Than $140K - More Than 1.5x the National Average

41% Population Boom in last 10 Years

Travelers and Residents of the Surrounding Top Suburbs of Southlake, Coppell and Flower Mound Frequent this Oasis/Development of 4 Top Restaurants

Located Near Historic Downtown Grapevine – Near $105 Million Mixed Use Development

Located at the Intersection of Highways 114 & 121 in a Popular Suburb of Dallas – Visible to Nearly 126,470 Vehicles Per Day

Listing Contacts

JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$285,000.00
$23,750.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Jason Vitorino
License
TX 512565
Brokerage Phone
972-860-1966
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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