1002 Texan Trl - Bank FOR SALE


Grapevine, TX 76051- Downtown Grapevine
$3,050,000 USD
847-533-7315
1002 Texan Trl, Grapevine, TX for Sale
$3,050,000 USD
Bank - FOR SALE
1/10
null | 5.44% Cap Rate

1002 Texan Trl
Grapevine, TX 76051
Downtown Grapevine


HIGHLIGHTS

  • Credit Tenant, NYSE listed
  • Long Term, Absolute NNN Lease
  • 10% Rent Increases Every 5 Years

OVERVIEW

This is a rare opportunity to acquire a investment grade ground lease consisting of a one-story single tenant bank branch comprising 5,000 square feet on a 1.35 acre site leased to SouthState Bank (NYSE:SSB). The property is centrally located in Grapevine, TX, a suburb of Dallas, minutes from the Dallas/Fort Worth Airport. Situated near the corner of Wall Street and Texan Trail, the property is part of Grapevine Station, a 38 acre commercial development containing office, retail and ware house space in addition to a hotel. The site is 2 miles from the Dallas/Fort Worth Airport only 1/2 mile from the $500 million Gaylord Texan Resort. There are over 105,000 people within 5 miles of the property with an Average Household Income of $147,535.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

5.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Northstar Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,041 SF

ZONING

CC

APN/PARCEL ID

41366875

ASK ABOUT THIS PROPERTY

Ron MaxKW One Chicago | KW CommercialMore Info
847-533-7315

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Ron MaxKW One Chicago | KW CommercialMore Info
847-533-7315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.