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Bank

Prosperity Bank (Affluent North DFW Suburb)

301 S Park Blvd, Grapevine, TX 76051

Listing Price: $2,434,000

Cap Rate
8.75%
Tenant Name
Prosperity Bank
Years Remaining On Lease
1.6
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$656.42
Lease Type
Absolute Net
Rent Per Square Feet
$57.43

Investment Overview

Marcus & Millichap is pleased to present 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 1.6 years remaining on the lease.

Investment Highlights

  • Absolute Net Lease With 1.6 Years Remaining | 18-Year Operating History at This Location
  • Frontage on State Highway 114 / Northwest Parkway (132,551 VPD)
  • Affluent Trade Area With $185,804 Average Household Income (Five-Mile Radius)
  • 116,123 Residents and 225,460 Daytime Population Within Five Miles

Exclusively Listed By

Financing By

Bank

Prosperity Bank (Affluent North DFW Suburb)

Listing Price: $2,434,000

Cap Rate
8.75%
Tenant Name
Prosperity Bank
Years Remaining On Lease
1.6
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$656.42
Lease Type
Absolute Net
Rent Per Square Feet
$57.43

Investment Highlights

  • Absolute Net Lease With 1.6 Years Remaining | 18-Year Operating History at This Location
  • Frontage on State Highway 114 / Northwest Parkway (132,551 VPD)
  • Affluent Trade Area With $185,804 Average Household Income (Five-Mile Radius)
  • 116,123 Residents and 225,460 Daytime Population Within Five Miles

Investment Overview

Marcus & Millichap is pleased to present 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 1.6 years remaining on the lease.

Exclusively Listed By

Financing By

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