2910 Rio Grande BlvdEuless, TX 76039

For Sale
$6,529,808

High-Cap Rate, Fully Leased, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A retail property, located at 2910 Rio Grande Blvd in Euless, Texas, presents a compelling investment opportunity. The 8,391 square foot building, constructed in 2023, sits on a 1.58-acre lot and boasts 100% occupancy with a strong tenant mix of Piada and Kura Sushi. The property benefits from a 6.25% cap rate and a substantial net operating income (NOI) of $408,113, reflecting a recent price reduction to $6,529,808. Situated within the thriving 194-acre Glade Parks mixed-use development, this outparcel building enjoys exceptional visibility and access. The location is strategically positioned across Rio Grande Blvd from a top-performing Target store, attracting over 2.2 million visitors annually. Glade Parks itself is a high-traffic destination, ranking in the top 2% nationally and in Texas, with over 6.4 million annual visitors. The surrounding area features a dense population exceeding 100,000 within a 3-mile radius, exhibiting average household incomes surpassing $145,000. This property's prime location, strong tenant occupancy, and impressive financial performance make it an ideal addition to any investment portfolio. The property is zoned for Planned Development and consists of a single, one-story building.

Highlights

  • $6,529,808 Asking Price.
  • 8,391 SF, Class A, Multi-Tenant Retail Building.
  • 100% Occupancy with Piada and Kura Sushi tenants.
  • 6.25% Cap Rate, $408,113 NOI.
  • New Construction (2023), 1-story building on a 1.58-acre lot in Euless, TX.

Property Details for 2910 Rio Grande Blvd

Property type
Other retail properties, Restaurants
Square Feet
8,391 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Euless
County
Tarrant
State
Texas
Latitude
32.8789791
Longitude
-97.1021097
2910 Rio Grande Blvd, Euless, Texas

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2910 Rio Grande Blvd
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