Prosperity Bank

Prosperity Bank

Grapevine, TX

Grapevine, TX

Prosperity Bank

Offered for sale is 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.

Price $3,255,000
Cap Rate 6.54%
Building Size 3,708 sqft
Lot Size 0.94 acres
Year Built 1991
Offering Memorandum

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • 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

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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