The subject property is a grocery shadow-anchored, 7,900-square-foot, two-tenant retail center located in Granbury, Texas. The center is 100 percent occupied with triple-net leases, and both tenants have renewal options. The tenant base consists of two restaurants: Granbury Pancake House and Randy’s Shrimp and Oyster Bar. Randy’s Shrimp and Oyster Bar also features a quaint patio seating area for its patrons. Constructed in 2004, the building features a metal roof and is situated on 1.56 acres with ample paved parking.
Morgan Street Retail Center is located on South Morgan Street (Highway 144) at the lighted intersection with Autumn Ridge Drive. Traffic Counts in front of the property exceed 22,842 vehicles per day. The property is located just south of the major intersection of Morgan Street (Highway 144) and US Highway 377. Nearby national and regional retailers include Brookshire’s, O’Reilly Auto Parts, Rent-A-Center, Goodwill, Petsense, Subway, McDonald’s, Burger King, AutoZone Auto Parts, Pizza Hut, RaceTrac, Dollar General, and many more. Morgan Street Retail Center is less than 1.5 miles south of the historic downtown and town square, featuring more than 40 unique shops, restaurants, the Granbury Opera House, and more.
• 7,900-Square-Foot, Two-Tenant Restaurant Retail Center
• Shadow-Anchored by Brookeshire’s Grocery | Area Traffic Driver Hosting 518,000+ Visits Annually
• 100% Occupied | Both Leases are Triple-Net
• Tenant Base is Comprised of Two Local Restaurants | Granbury Pancake House and Randy’s Shrimp and Oyster Bar
• Randy’s Shrimp and Oyster Bar Features 500-Square-Foot Covered Patio Space for Outdoor Dining
• The Building Features a Metal Roof
• Located on South Morgan Street (Highway 144) and Autumn Ridge Road | Traffic Counts in Front of the Property Exceed 22,842 Vehicles per Day
• Property is Near Major Intersection of Morgan Street (Highway 144) and US Highway 377 | TxDOT has Plans to Widen Portions of US Highway 377 from a Four-Lane to Six-Lane Divided Highway and Improving Intersections to Accommodate Growth
• Average Household Income Within Five Miles is $89,068 | Population Exceeds 39,233 Residents Within Five Miles
• Granbury is the County Seat of Hood County | Located 35 Miles Southwest of Downtown Fort Worth
• Minutes from Lake Granbury | A Popular Recreational Destination to Dallas-Fort Worth Residents
