Investment Overview

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.