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Vacant-User

Granbury Mixed-Use

1335 N Plaza Dr, Granbury, TX 76048

Listing Price: $2,100,000

Cap Rate
6.58%
Gross SF
8,725
Rentable SF
8,725
Price/Gross SF
$240.69
Lot Size
1.45 acres
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to present Granbury Mixed-Use, a retail and hospitality investment opportunity located at 1335 North Plaza Drive, in the rapidly developing submarket of Granbury, Texas. Granbury Mixed-Use includes a 5,225-square-foot retail building and a 3,500-square-foot hospitality building, for a total portfolio size of 8,725 square feet, and is situated on 1.45 acres. The retail building contains a 3,200-square-foot restaurant suite and a 2,025-square-foot salon suite. The hospitality building is made up of 16 units with an average unit size of 338 square feet. The subject property provides the opportunity to continue with the strong cash flow produced on the hospitality asset, as well as the opportunity to reposition the vacant retail asset in order to capture rising rents overtime. The subject property is positioned directly adjacent to an Aldi grocery store, and the average household income within a one-mile radius of the subject property exceeds $95,000. The city of Granbury, Texas attracts numerous visitors each year with its historic charm as well as its continued growth and development. While here, tourists can immerse themselves in the history of the “Best Historic Small Town in America” with museums, sightseeing tours, annual events and festivals, and more. They can also enjoy a variety of restaurants, a thriving art scene, live-hit shows, and popular destinations such as Revolver Brewing. Outdoor attractions include Lake Granbury and the nearby Fossil Rim Wildlife Center. The subject property is well-positioned in a strong submarket and is located proximate to several new developments, including a future 48-acre luxury development named Lakeview Landing. Planned for completion in 2026, the development will feature residential, retail, office, and restaurant space with waterfront dining. Overall, Granbury Mixed-Use offers a new investor or owner/user the opportunity to acquire a prime retail and hospitality asset in a rapidly growing and developing location.

Investment Highlights

  • 8,725-SF Retail and Hospitality Portfolio | Situated on 1.45-AC
  • 5,225-SF Multi-Tenant Retail Asset | 3,500-SF Hospitality Asset
  • Prime Frontage on Highway 377 | Pylon Signage | Ample Parking
  • Proximate to Lake Granbury & Future Luxury Mixed-Use Developments
  • Average HH Income Exceeds $95,000 in a One-Mile Radius

Exclusively Listed By

Financing By

Vacant-User

Granbury Mixed-Use

Listing Price: $2,100,000

Cap Rate
6.58%
Gross SF
8,725
Rentable SF
8,725
Price/Gross SF
$240.69
Lot Size
1.45 acres
Year Built
2016

Investment Highlights

  • 8,725-SF Retail and Hospitality Portfolio | Situated on 1.45-AC
  • 5,225-SF Multi-Tenant Retail Asset | 3,500-SF Hospitality Asset
  • Prime Frontage on Highway 377 | Pylon Signage | Ample Parking
  • Proximate to Lake Granbury & Future Luxury Mixed-Use Developments
  • Average HH Income Exceeds $95,000 in a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present Granbury Mixed-Use, a retail and hospitality investment opportunity located at 1335 North Plaza Drive, in the rapidly developing submarket of Granbury, Texas. Granbury Mixed-Use includes a 5,225-square-foot retail building and a 3,500-square-foot hospitality building, for a total portfolio size of 8,725 square feet, and is situated on 1.45 acres. The retail building contains a 3,200-square-foot restaurant suite and a 2,025-square-foot salon suite. The hospitality building is made up of 16 units with an average unit size of 338 square feet. The subject property provides the opportunity to continue with the strong cash flow produced on the hospitality asset, as well as the opportunity to reposition the vacant retail asset in order to capture rising rents overtime. The subject property is positioned directly adjacent to an Aldi grocery store, and the average household income within a one-mile radius of the subject property exceeds $95,000. The city of Granbury, Texas attracts numerous visitors each year with its historic charm as well as its continued growth and development. While here, tourists can immerse themselves in the history of the “Best Historic Small Town in America” with museums, sightseeing tours, annual events and festivals, and more. They can also enjoy a variety of restaurants, a thriving art scene, live-hit shows, and popular destinations such as Revolver Brewing. Outdoor attractions include Lake Granbury and the nearby Fossil Rim Wildlife Center. The subject property is well-positioned in a strong submarket and is located proximate to several new developments, including a future 48-acre luxury development named Lakeview Landing. Planned for completion in 2026, the development will feature residential, retail, office, and restaurant space with waterfront dining. Overall, Granbury Mixed-Use offers a new investor or owner/user the opportunity to acquire a prime retail and hospitality asset in a rapidly growing and developing location.

Exclusively Listed By

Financing By

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