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Bank

Prosperity Bank

301 S Park Blvd, Grapevine, TX 76051

Listing Price: $3,042,000

Cap Rate
7.00%
Tenant Name
Prosperity Bank
Years Remaining On Lease
3.7
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$820.39
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 4 years remaining on the lease with 10% rental increases every five years.

Investment Highlights

  • Absolute Net Lease with Four 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

Exclusively Listed By

Financing By

Listing Price: $3,042,000

Cap Rate
7.00%
Tenant Name
Prosperity Bank
Years Remaining On Lease
3.7
Gross SF
3,708
Guarantor
Corporate Guarantee
Rentable SF
3,708
Price/Gross SF
$820.39
Lease Type
Absolute Net
Rent Per Square Feet
$57.43

Investment Highlights

  • Absolute Net Lease with Four 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

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 4 years remaining on the lease with 10% rental increases every five years.

Exclusively Listed By

Financing By

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