897 W Northwest Hwy
Grapevine, TX
Price:
$2,250,000
Cap Rate:
6.00%
NOI:
$135,000
Building Size:
Approx. 664 Sq. Ft.
Lot Size:
Approx. 0.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2025
Investment Overview
- 2025 Construction. 664+/- SF Building on 0.69+/- Acre Site
- 15-Year Corporate Net Lease with JAB Holding Company; 10% Rent Increases Every 5-Yrs. in Primary & Option Periods
- Located on the Corner of Northwest Highway & Ball St (34,800+ Combined VPD), just Northeast of TX 114 (104,700+ VPD)
- 1.5 Miles from Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) – 2nd-Busiest Airport in U.S. and 3rd in the World
- Densely Populated Area with High Spending Power – 113,000 Residents w/ Avg. HH Income of nearly $220,000 w/in 5 Miles
- Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries
- Grapevine | Located in the Heart of the DFW Metroplex | Population: 51,300+; MSA: 8.7M+