The subject property is a 100 percent occupied, 5,884-square-foot, three-tenant retail center located in a high growth area of Godley, Texas. Tenants are a complementary mix of service-oriented and internet-resistant businesses, including Coast to Coast Bar & Grill, Domino’s Pizza, and Fitness Affect. All leases are triple-net, and all leases included annual rent escalations during the primary term. Coast to Coast Bar & Grill has a covered patio area for outdoor dining. The building is new 2024 Class ‘A’ construction featuring an attractive architectural design with a metal roof and siding, situated on a 0.59-acre parcel with concrete parking. The center also features a double-sided monument sign positioned at the property entrance providing exposure to the center.
The subject property is located on State Highway 171, the main southeast-northwest state highway in northeastern Texas. Adjacent to Dairy Queen, other national and regional retailers in the area include O’Reilly Auto Parts, Subway, Dollar General, Chicken Express, McDonald’s, and more. Godley Middle School and Godley High School are directly adjacent to the property with an enrollment exceeding 1,450 students, cumulatively, providing additional traffic to the area. The average household income is $105,840 within three miles; $96,412 within five miles; and $99,032 within 10 miles. The area benefits from continued growth from nearby residential developments. Directly behind the property is Godley Ranch, approximately 601 lots of boutique homes with modern amenities. Newly constructed Star Ranch community is also nearby, featuring approximately 512 lots. Hadley Farms and Fox Hollow communities along State Highway 171 will provide over 600 lots plus amenities including a playground, splash pad, picnic area, multiple sports fields, and a walking trail.
- 5,884-Square-Foot, Three-Tenant Retail Center Located in a High-Growth Area of Godley, Texas
- New 2024 Class ‘A’ Construction Situated on a 0.59-Acre Parcel with Concrete Parking
- 100% Occupied on Triple-Net Leases | All Leases Included Annual Rent Escalations During the Primary Term, Providing Year-Over-Year Income Growth Potential
- Anchored by a New 10-Year Lease with Coast to Coast Bar & Grill | Lease has Dual Personal Guarantees | Suite Features a Covered Patio for Outdoor Dining
- Building has a Metal Roof and Metal Siding/Awnings
- A Double-Sided Monument is Positioned at the Property Entrance Providing Additional Exposure to the Center
- Located Along State Highway 171 | The Main Southeast-Northwest State Highway in Northeastern Texas | Traffic Counts Exceed 10,000 Vehicles Per Day
- Affluent Demographics | Average Household Income is $105,840 within a Three-Mile Radius; $96,412 within Five Miles; and $99,032 within 10 Miles
- Godley Middle School and Godley High School are Adjacent to the Subject Property | Total Enrollment Exceeds 1,450 Students
- Near Residential Developments, Including Godley Ranch (+\-601 Lots), Star Ranch (+\- 512 Lots), Hadley Farms (+\-372 Lots), Fox Hollow (+\-295 Lots), and More
- Godley is a City in Northwestern Johnson County | Approximately 30 Miles Southwest of Downtown Fort Worth
