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The Opportunity
The 42,000 square foot shallow bay development, located at 3200 Stone Myers Parkway, Grapevine, TX is located in Tarrant County which is ranked as the 10th fastest growing U.S. County in 2024. The average household income in Grapevine is $142,976 which is more than 2x the national average. Grapevine is home to a variety of major employers such as Kubota’s North American Headquarters, DFW International Airport, GameStop Headquarters, Pavestone, a regional training center for Mercedez Benz, the Gaylord Texan Resort and Convention Center, Great Wolf Lodge, Bass Pro Shops Outdoor World, and Paycom. Grapevine was a top 20 finalist for Amazon HQ2 project.
Box Grapevine is located within the DFW Airport submarket in close proximity to executive housing in Grapevine, Southlake, Flower Mound, Westlake, and Colleyville. Grapevine is strategically positioned between Dallas and Fort Worth with easy access to major highways (121, 360, 635, I-35) and DFW Airport. The site has easy ingress/egress via Stone Myers Parkway exit off 121 and 360. The DFW Airport Air Cargo facility is 2.5 miles from the site and is currently the last available UPS drop-off location. The site is uniquely positioned as the last remaining Light Industrial zoned property in Grapevine.
Box Grapevine has the ability to lease to a single tenant or demise into two 21,000 square foot suites, both of which command a rent premium given limited standalone options in that size range or limited suites <25,000 square feet. The modern building will be constructed with 28’ clear height and ESFR sprinkler system. As with each Box development, given the building size there are multiple exit options to either lease or sell to a user.
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