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520 Grapevine Hwy
Hurst, TX 76054
Retail Property For Sale
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,097 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$8,101,574 CAD
Price Per SF
$890.58 CAD
Cap Rate
6%
NOI
$485,933 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
F1 - Commercial
Parking
20 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
243’ on Grapevine Highway
Property Taxes
| Parcel Number | 42220147 | Improvements Assessment | $4,855,342 CAD |
| Land Assessment | $721,682 CAD | Total Assessment | $5,577,024 CAD |
Property Taxes
Parcel Number
42220147
Land Assessment
$721,682 CAD
Improvements Assessment
$4,855,342 CAD
Total Assessment
$5,577,024 CAD
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