Listed by Secure Net Lease
$2,250,000
897 West Northwest Highway
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 664
Cap Rate 6%
NOI $135,000
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Term 15
Lease Expiration 09/01/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options (3) 5-Year Renewal Options
Price per SqFt $3,389
Year Built 2025
Acreage 0.690
Investment Type Net Lease
Lease Commencement 09/01/2025
Ground Lease No
6.00% CAP | Located in Heart of the DFW Metroplex
Marketing description
- Freestanding Caribou Coffee in Texas | 800 Locations Worldwide in 11 Countries
- Rare 15-Year Corporate Absolute NNN with 10% Rental Increases Every 5 Years
- 1.5 Miles from the Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) | 2nd Busiest Airport in the U.S. & 3rd in the World | $4B Expansion Coming Soon
- Densely Populated Area with High Spending Power - 113,000 Residents w/ Avg. HH Income of $220,000 w/in 5-Mile Radius
- Located in Heart of the DFW Metroplex, 18 Miles from Downtown Dallas & Fort Worth | Grapevine is a Top Tourism Spot with Excellent Economic, Population, and Job Growth
Investment highlights
- New Rare 15-Year Corporate Absolute NNN with 10% rent increases every 5 years and during the option periods
- Subject Property is Located on the Corner of Northwest Highway & Ball St (34,800+ Combined VPD), just Northeast of TX 114 (104,700+ VPD). Texas State Highway 114 (SH 114) is a major east-west route in the DFW Metroplex, extending across Texas to the New Mexico state line, linking suburban communities like Southlake and Grapevine with major hubs such as Irving, Dallas, and DFW Airport.
- This Site is Only 1.5 Miles from the Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) - DFW is the 2nd-busiest airport in the U.S. and 3rd in the world. It has had a 7.4% increase in passenger traffic since 2023 and a 17% increase since 2019. They recently announced a $4 billion expansion of Terminal F that will double the number of gates & enhance international travel facilities in 2027.
- Densely Populated Area with High Spending Power - Within a 5-mile radius of the subject property, there are almost 113,000 residents living with an average household income of nearly $220,000. There are also almost 123,000 employees within the immediate area, providing a consistent consumer base.
- Only Half a Mile from Baylor Scott & White Medical Center - Grapevine, a 302-bed facility with nearly 2,000 employees that offers advanced inpatient, outpatient, emergency, and specialty care. It is recognized as a Five Star Quality-Rated hospital and is known as a trusted healthcare provider in the region, serving Northeast Tarrant County for nearly 70 years.
- Grapevine, Texas is a High-Income, Business-Friendly City Located in the Heart of the DFW Metroplex. With a population of over 51,300, the city blends a thriving economy with major attractions like Grapevine Mills, Great Wolf Lodge, boutique wineries, and a nationally recognized historic downtown. As part of the 8.7 million–resident DFW region—one of the fastest-growing and most dynamic metro areas in the U.S.—Grapevine offers unmatched connectivity, workforce access, and long-term growth potential.
- Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries. Known for handcrafted beverages and sustainability, it is part of Panera Brands, with products also sold in stores and hospitality outlets.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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