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Tradecor Sells Retail Properties In Grapevine With Brokers Bill Asher Jeff Lefko Garrett Wood
SOLD
Texas
See Similar DealsRetail17,278 SF
Sold 09/16/2025
SOLD
Tradecor Sells Retail Properties In Grapevine With Brokers Bill Asher Jeff Lefko Garrett Wood
480 West State Highway 114 & 460 West State Highway 114
See Similar DealsRetail17,278 SF
Sold 09/16/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:17,278 SF
Transaction Type:Sale
The property asset involved in this transaction includes two new single-tenant drive-thru properties, located at 480 West State Highway 114 and 460 West State Highway 114, Grapevine. The total square footage of the retail properties is 8,639, consisting of a smaller space of 2,389 square feet leased to Son of a Butcher under a 15-year NNN agreement and a larger space of 6,250 square feet leased to Portillo’s for 10.5 years under a NNN agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Asset Address: 480 West State Highway 114 & 460 West State Highway 114
- Market: Grapevine
- Seller: Tradecor
- Brokers: Bill Asher, Jeff Lefko & Garrett Wood - Hanley Investment Group
Bill Asher and Jeff Lefko represented the seller, Tradecor, while Garrett Wood was responsible for representing the buyer in this transaction. The deal was arranged off-market by Hanley Investment Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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