Skip to main content

Shopping Strip

Lone Star Pavilion

3100-3300 Grapevine Mills Pkwy, Grapevine, TX 76051

Listing Price: $6,961,000

Cap Rate
6.00%
Gross SF
18,690
Rentable SF
18,690
Price/Gross SF
$372.45
Lot Size
2.57 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 18,690-square-foot, value-add, multi-tenant strip center located in a dense retail trade area of Grapevine, Texas. Lone Star Pavilion is 84 percent occupied with all credit tenants and all having triple-net leases. Tenants consist of Fuzzy’s Taco Shop, Mattress Firm, The Leather Sofa Company, and FedEx Office. The subject property consists of two buildings constructed in 2005, situated on two parcels of land totaling 2.57 acres. The property has ample paved parking. The subject property is located at the high-traffic intersection of Grapevine Mills Parkway and Texas Highway 121. Traffic counts on Grapevine Mills Parkway are 54,000 vehicles per day and approximately 127,200 vehicles per day on Highway 121. Lone Star Pavilion sits directly across the road from Grapevine Mills Mall, an indoor mall featuring 180 stores of shopping, entertainment, and restaurants. Featured stores include Neiman Marcus Last Call, Saks Fifth Avenue Off 5th, H&M, Burlington Coat Factory, Marshalls, Forever 21, Nike Factory Store, Coach Factory, Ann Taylor Factory Store, Under Armour, and more. Grapevine Mills also features AMC Grapevine Mills 30 with Dine-In Theatres, Fieldhouse USA, LEGOLAND Discovery Center, Sea Life Aquarium, The Escape Game, Round 1 Bowling and Amusement, and Rainforest Café. Numerous other retailers are in the surrounding area, including Ashley Home Store, Rooms to Go, Cracker Barrel Old Country Store, Chuck E. Cheese’s, Altitude Trampoline Park, Chair King, Blue Goose Cantina, Discount Tire, Chick-fil-A, Chipotle, Applebee’s, Steak ‘N Shake, and Bass Pro Shop.

Investment Highlights

  • 18,690-Square-Foot, Multi-Tenant Shopping Center in a Dense Retail Trade Area
  • 84% Occupied | All Current Leases are Triple-Net
  • Strong Tenant Base | All Current Leases Include National or Regional Tenants
  • Future Upside Potential | The Center Currently has Two Vacant Suites and Two Tenants that have Below Market Rents
  • Directly Across from Grapevine Mills Mall, a Popular Destination for Shopping, Dining and Entertainment

Exclusively Listed By

Listing Price: $6,961,000

Cap Rate
6.00%
Gross SF
18,690
Rentable SF
18,690
Price/Gross SF
$372.45
Lot Size
2.57 acres
Year Built
2005

Investment Highlights

  • 18,690-Square-Foot, Multi-Tenant Shopping Center in a Dense Retail Trade Area
  • 84% Occupied | All Current Leases are Triple-Net
  • Strong Tenant Base | All Current Leases Include National or Regional Tenants
  • Future Upside Potential | The Center Currently has Two Vacant Suites and Two Tenants that have Below Market Rents
  • Directly Across from Grapevine Mills Mall, a Popular Destination for Shopping, Dining and Entertainment

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 18,690-square-foot, value-add, multi-tenant strip center located in a dense retail trade area of Grapevine, Texas. Lone Star Pavilion is 84 percent occupied with all credit tenants and all having triple-net leases. Tenants consist of Fuzzy’s Taco Shop, Mattress Firm, The Leather Sofa Company, and FedEx Office. The subject property consists of two buildings constructed in 2005, situated on two parcels of land totaling 2.57 acres. The property has ample paved parking. The subject property is located at the high-traffic intersection of Grapevine Mills Parkway and Texas Highway 121. Traffic counts on Grapevine Mills Parkway are 54,000 vehicles per day and approximately 127,200 vehicles per day on Highway 121. Lone Star Pavilion sits directly across the road from Grapevine Mills Mall, an indoor mall featuring 180 stores of shopping, entertainment, and restaurants. Featured stores include Neiman Marcus Last Call, Saks Fifth Avenue Off 5th, H&M, Burlington Coat Factory, Marshalls, Forever 21, Nike Factory Store, Coach Factory, Ann Taylor Factory Store, Under Armour, and more. Grapevine Mills also features AMC Grapevine Mills 30 with Dine-In Theatres, Fieldhouse USA, LEGOLAND Discovery Center, Sea Life Aquarium, The Escape Game, Round 1 Bowling and Amusement, and Rainforest Café. Numerous other retailers are in the surrounding area, including Ashley Home Store, Rooms to Go, Cracker Barrel Old Country Store, Chuck E. Cheese’s, Altitude Trampoline Park, Chair King, Blue Goose Cantina, Discount Tire, Chick-fil-A, Chipotle, Applebee’s, Steak ‘N Shake, and Bass Pro Shop.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower