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Bank

Prosperity Bank (Absolute Net Lease)

301 S Park Blvd, Grapevine, TX 76051

Listing Price: $3,255,000

Cap Rate
6.54%
Tenant Name
Prosperity Bank
Years Remaining On Lease
4.3
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$877.83
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, Texas. The property consists of a 3,708-square-foot, freestanding building that sits on 0.94 acres of land. There are 4.4 years remaining on the current lease term, with 10% rental increases every five years.

Investment Highlights

  • Absolute Net Lease with 4.4 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
  • Proven Location and Operator
  • Prosperity Bancshares, Inc. (NYSE: PB) Recently Completed Mergers with First Bancshares and LegacyTexas

Exclusively Listed By

Financing By

Bank

Prosperity Bank (Absolute Net Lease)

Listing Price: $3,255,000

Cap Rate
6.54%
Tenant Name
Prosperity Bank
Years Remaining On Lease
4.3
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$877.83
Lease Type
Absolute Net
Rent Per Square Feet
$57.43

Investment Highlights

  • Absolute Net Lease with 4.4 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
  • Proven Location and Operator
  • Prosperity Bancshares, Inc. (NYSE: PB) Recently Completed Mergers with First Bancshares and LegacyTexas

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Prosperity Bank in Grapevine, Texas. The property consists of a 3,708-square-foot, freestanding building that sits on 0.94 acres of land. There are 4.4 years remaining on the current lease term, with 10% rental increases every five years.

Exclusively Listed By

Financing By

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