Description

Offered for sale is a rare opportunity to acquire an absolute net lease property occupied by Prosperity Bank in Grapevine, TX. This 3,708-square-foot freestanding building sits on approximately 0.94 acres and features four years remaining on the lease, with 10% rental increases every five years. The property enjoys excellent visibility and frontage along East Northwest Parkway, which sees traffic counts of 132,551 vehicles per day. Located in an affluent Dallas submarket, the area boasts an average household income of $183,817 within a five-mile radius—146% above the national average—and is home to over 117,000 residents and 185,000 employees. Just minutes from DFW International Airport, the site benefits from proximity to a thriving retail hub anchored by Costco, Sam’s Club, Walmart, Lowe’s, Kohl’s, 24 Hour Fitness, and more. With a proven operator in Prosperity Bancshares, Inc. (NYSE: PB), which recently completed mergers with First Bancshares and LegacyTexas, this property offers a stable, long-term investment in a high-demand location.