301 S Park Blvd - Bank FOR SALE


Grapevine, TX 76051- Downtown Grapevine
$2,840,000 USD
972-755-5207
301 S Park Blvd, Grapevine, TX for Sale
$2,840,000 USD
Bank - FOR SALE
1/3
null | 7.5% Cap Rate

301 S Park Blvd
Grapevine, TX 76051
Downtown Grapevine


HIGHLIGHTS

  • Absolute Net Lease with Three Years Remaining
  • Excellent Visibility and Frontage on East Northwest Parkway (132,551 VPD)
  • Affluent Dallas Submarket - Average Household Income is $183,817 Within a 5-Mile Radius (146 Percent Higher Than National Average)
  • Located Minutes from DFW International Airport, the 2nd Busiest Airport in the World by Passenger Traffic
  • More Than 117,441 Residents and 185,357 Employees Within a Five-Mile Radius
  • Thriving Retail Hub Anchored by Costco, Sam’s Club, Walmart, Lowe’s, Kohl’s, 24 Hour Fitness, and More

OVERVIEW

Offered for sale is the opportunity to acquire an Absolute Net lease Prosperity Bank in Grapevine, TX. The property consists of a 3,708-square-foot, freestanding building that sits on approximately 0.94 acres of land. There are 4 years remaining on the lease with 10% rental increases every five years.

FOR SALE DETAILS

PRICE

$2,840,000 USD

PRICE/SF

$766 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prosperity Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

Commercial

APN/PARCEL ID

06404766

ASK ABOUT THIS PROPERTY

Ryan WolfMarcus & MillichapMore Info
972-755-5207

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Ryan WolfMarcus & MillichapMore Info
972-755-5207

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