Grapevine Mills
A retail property in Grapevine, Texas. Securitized in 2 CMBS deals in 2024.
$548.0MAppraised value (latest deal)
96.2%Occupancy
$44.9MUnderwritten NOI
8.2%Implied cap rate
- Address
- 3000 Grapevine Mills Parkway and 2501 Bass Pro Drive, Grapevine, TX 76051
- Property type
- Retail · Super Regional Mall
- Year built
- 1997
- Size
- 1,628,140 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Bass Pro Shops Outdoor World
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-C9 | 2024-07-02 | $548.0M | 96.2% | $44.9M | 8.2% | $94.0M | 45.6% | 2.68x | 424B |
| BANK 2024-BNK48 | 2024-10-01 | $548.0M | 96.2% | $44.9M | 8.2% | $80.5M | 45.6% | 2.68x | 424B |
Historical NOI reported in BANK 2024-BNK48
| Period ending | NOI |
|---|---|
| 3/31/2024 | $43.7M |
| 12/31/2023 | $41.1M |
| 12/31/2022 | $40.6M |
More CMBS properties in Texas →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.