SouthState Bank NNN Dallas (d/b/a Independent Bank) — Sale in Grapevine, TX

  • Price: $3.1M
  • Listing type: For sale
  • Asset type: Business
  • Location: Grapevine, TX 76051
  • Size: 5,479 SF
  • Year built: 2008

Investment Figures

Cap rate
5.44%
Price per square foot
$557
Price per unit
$3,050,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This is an opportunity to invest in a long term, single tenant bank property offering a solid return that is both recession resistant and an inflation hedge The building was constructed in 2008 on a 1.35-acre site located in highly desirable area of Grapevine, a suburb of income tax free Dallas, TX. The property is 100% leased to SouthState Bank (NYSE: SSB), d/b/a Independent Bank on an absolute NNN ground lease with approximately 13 years remaining and 10% rent increases every 5 years. SouthState and Independent bank recently merged with SouthState assuming all liabilities and obgligations of Independent Bank. The combined bank have approximatley $65 billion in assets. SouthState Corporation reports a Moody's investment grade credit rating of Baa3 and a Kroll Bond Rating of BBB+. The property has been well maintained with no deferred maintenance. The offering is an ideal for a 1031 exchange or a buyer looking for a solid net lease deal providing reliable csh flow with inflation protection. The building was constructed in 2008 on a 1.35-acre site located in highly desirable area of Grapevine, a suburb of income tax free Dallas, TX and in close proximity the the Dallas/Ft. Worth Airport. The property is 100% leased to SouthState Bank (NYSE: SSB), formerly Independent Bank on an absolute NNN ground lease with approximately13 years remaining and 10% rent increases every 5 years. SouthState and Independent bank merged in January 2025 with SouthState assuming all liabilities and obgligations of Independent Bank. The combined bank have approximatley $65 billion in assets. SouthState Corporation reports a Moody's investment grade credit rating of Baa3 and a Kroll Bond Rating of BBB+.The property has been well maintained with no deferred maintenance. Building SF: 5479 | Land Size: 1.35 Ac | Year Built: 2008 | Listing Type: FOR SALE

Market Context

This commercial property in Grapevine, TX is listed for sale at $3,050,000 across 5,479 SF ($557/SF). It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 2008. It has been on the market for 70 days. Compare it against other commercial property listings for sale in Grapevine, TX — view the full market.

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