Listed by Summit Real Estate
$5,805,000
Grapevine Hwy 4 Tenant Strip
Details
APN 14733485
Property Type Retail
Square Footage 9,097
Cap Rate 6%
NOI $348,184
Occupancy 100%
Tenancy Multi
Price per SqFt $638
Year Built 2018
Acreage 1.000
Ground Lease No
Grapevine Highway 4 Tenant Strip | Drive-Thru End Cap | 2018 Construction | Hurst, TX (DFW)
Investment highlights
- 9,097 SF Class “A” 4 Tenant Strip Center with Drive-Thru End cap
- Resilient Tenant Longevity – 0% Turnover Since Original Development | NNN Leases
- Strong Tenancy – 55% of GLA Leased to Nationally Recognized Tenants | Chicken Salad Chick has Over 330 Locations Nationally & Thrive Pet Care has Over 219 Locations | Knockouts is a Regional Brand with Over 52 Locations & Burning Rice is a Strong Local Brand with 7 Locations
- High-Profile Hard Corner Location Situated on the NEC of Grapevine Highway & Hurstview Dr – Visible to Over 36,000 Vehicles per Day
- Adjacent to High-Performing Tom Thumb & Schools Nearby Include Tarrant County College (Over 10,000 Students), Birdville High School (Over 2,000 Students) & L.D. Bell High School (Over 2,300 Students)
- Densely Populated Trade Area – Over 285,000 Residents in a 5 Mile Radius
- Outstanding Demographics I Average Household Income Exceeds $133,000 in a 1 Mile Radius – Almost Double National Average
- Surrounding National Retailers Include Tom Thumb, Sprouts Farmers Market, Walmart Supercenter, Lowe’s Home Improvement, Whole Foods, Life Time, Chick-fil-A, McDonald’s, Raising Cane’s, Chipotle & Many More
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$348,184.00
$29,015.33/mo
Valuation Metrics
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DSCR
6%
Cap Rate
6%
ROI
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