Chirag Bharodiya Purchases Grapevine Retail Property From Steven R. Greathouse For $3.39M
SOLD
$3,388,550
Texas
See Similar DealsRetail6,254 SF
Sold 12/30/2025
SOLD
Chirag Bharodiya Purchases Grapevine Retail Property From Steven R. Greathouse For $3.39M
1700 North State Highway 121
See Similar DealsRetail6,254 SF
Sold 12/30/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$541
Total Square Footage:6,254 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$180,722.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,038.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,063.46
Annual Debt Service$192,761.47
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