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Shopping Strip

Vineyard Office Center

1111 S Main St, Grapevine, TX 76051

Listing Price: $5,670,000

Cap Rate
6.09%
Gross SF
23,358
Rentable SF
23,358
Price/Gross SF
$242.74
Lot Size
1.13 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 23,358-square-foot, multi-tenant office building that located in Grapevine, Texas. Vineyard Office Center is 100 percent occupied. Tenants consist of Zorbis, Inc., Silvas Law, and Patriot Mobile. The tenants share a common area and break room. Constructed in 1998, the two-story building is situated on a 1.13-acre parcel with paved parking.

The subject property is located on South Main Street near the signalized intersection with East Dallas Road and close access to State Highway 121 and State Highway 114. Traffic counts in front of the property on South Main Street are approximately 19,208 vehicles per day. Vineyard Office Center is less than one mile from Historic Downtown Grapevine, a popular destination for dining, unique shops, and activities. Centrally located in the Dallas-Fort Worth metroplex, the area is a top destination for national and international corporations with a large hospitality and entertainment presence, providing a growing ecosystem of small and mid-size businesses.

Investment Highlights

  • 23,358-Square-Foot, Multi-Tenant Office Building
  • Prime Location Less Than One Mile South of Historic Downtown Grapevine | Popular Destination for Dining, Unique Shops, and Activities with Robust Annual Retail Sales of $807.5 Million Within a Three-M
  • 100% Leased | 96% of the Leasable Area has Triple-Net Leases | Tenants Share a Concierge Office and Break Room
  • Located on South Main Street, Near Signalized Intersection with East Dallas Road | Traffic Counts are Approximately 19,208 on South Main Street
  • Densely Populated Area | Average Household Income within Five Miles is $145,056 | More than 115,778 Residents within Five Miles

Exclusively Listed By

Financing By

Shopping Strip

Vineyard Office Center

Listing Price: $5,670,000

Cap Rate
6.09%
Gross SF
23,358
Rentable SF
23,358
Price/Gross SF
$242.74
Lot Size
1.13 acres
Year Built
1998

Investment Highlights

  • 23,358-Square-Foot, Multi-Tenant Office Building
  • Prime Location Less Than One Mile South of Historic Downtown Grapevine | Popular Destination for Dining, Unique Shops, and Activities with Robust Annual Retail Sales of $807.5 Million Within a Three-M
  • 100% Leased | 96% of the Leasable Area has Triple-Net Leases | Tenants Share a Concierge Office and Break Room
  • Located on South Main Street, Near Signalized Intersection with East Dallas Road | Traffic Counts are Approximately 19,208 on South Main Street
  • Densely Populated Area | Average Household Income within Five Miles is $145,056 | More than 115,778 Residents within Five Miles

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 23,358-square-foot, multi-tenant office building that located in Grapevine, Texas. Vineyard Office Center is 100 percent occupied. Tenants consist of Zorbis, Inc., Silvas Law, and Patriot Mobile. The tenants share a common area and break room. Constructed in 1998, the two-story building is situated on a 1.13-acre parcel with paved parking. The subject property is located on South Main Street near the signalized intersection with East Dallas Road and close access to State Highway 121 and State Highway 114. Traffic counts in front of the property on South Main Street are approximately 19,208 vehicles per day. Vineyard Office Center is less than one mile from Historic Downtown Grapevine, a popular destination for dining, unique shops, and activities. Centrally located in the Dallas-Fort Worth metroplex, the area is a top destination for national and international corporations with a large hospitality and entertainment presence, providing a growing ecosystem of small and mid-size businesses.

Exclusively Listed By

Financing By

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