Chirag Bharodiya Purchases Grapevine Retail Property From Steven R. Greathouse For $3.39M
1700 North State Highway 121
$3,388,550
$541/SF
Building Size
6,254 SF
Asset Type
Retail
Closing
Dec 30, 2025
About this deal
AI
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.
Players
Grapevine Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Mousavi to view all their deals.
Browse Grapevine retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.68%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93