Chirag Bharodiya Purchases Grapevine Retail Property From Steven R. Greathouse For $3.39M

The property asset located at 1700 North State Highway 121 in Grapevine is comprised of retail space, with a total square footage of 6,254. The sale price for this transaction was $3,388,550, which reflects a price per square foot of $541.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,388,550
• Address: 1700 North State Highway 121
• Market: Grapevine
• Square Footage: 6,254
• Price Per Square Foot: $541
• Buyer: Chirag Bharodiya
• Seller: Steven R. Greathouse
• Seller's Representative: Jake Prater, Patrick Luther & Matthew Mousavi - SRS Real Estate Partners

The tenant, GPM Southeast, LLC, recently signed a brand new, 10-year lease extension, bringing the remaining lease term to 12 years with 2 (5-year) options to extend, demonstrating their commitment to the site.