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Shopping Strip

Granbury Lakeside Center

1420 East US Hwy 377, Granbury, TX 76048

Listing Price: $15,748,000

Cap Rate
7.26%
Gross SF
72,551
Rentable SF
72,551
Price/Gross SF
$217.06
Lot Size
6.02 acres
Year Built
2019

Investment Overview

Granbury Lakeside Center is a 72,551-square-foot, multi-tenant shopping center strategically positioned along the primary east-west arterial road in Granbury, Texas. The center is 100 percent leased to a complementary mix of national and regional tenants, including HomeGoods, Ulta Beauty, Five Below, Cavender’s, and Aaron’s, providing durable in-place cash flow supported by necessity, value-oriented, and service-based retail uses. All current leases are on triple-net terms. The property comprises three adjacent parcels totaling 6.02 acres, allowing future investment flexibility.

The subject property is located in a high-traffic retail corridor along East US Highway 377, serving as a central retail hub within Hood County. The center is easily accessible and captures both local residents and regional commuter traffic, boasting a strong daily traffic count of 37,020 vehicles directly in front of the site. The property benefits from its position within a dense concentration of daily needs and big-box retailers, including a nearby Walmart Supercenter, The Home Depot, and a newly developed H-E-B grocery store. The property is surrounded by rapidly expanding residential and commercial developments, including the upcoming LakeView Landing, a 47-acre mixed-use community featuring waterfront homes, multi-family residences, and hospitality, as well as The Crossing at Lake Granbury, which will bring new retail and medical office space to the immediate trade area.

Investment Highlights

  • 2019 construction, 100% leased retail center
  • Anchored by HomeGoods (NYSE: TJX), Ulta Beauty (NASDAQ: ULTA), Five Below (NASDAQ: FIVE), and Cavender's
  • Aaron's is separately parceled | Below-market rent with no renewal rights remaining creates a potential value-add opportunity to reposition the space at higher market rents upon rollover
  • Located on US Highway 377 – Granbury's primary retail corridor | Pulls from a broad regional trade area + lake-driven tourism traffic

Exclusively Listed By

Financing By

Shopping Strip

Granbury Lakeside Center

Listing Price: $15,748,000

Cap Rate
7.26%
Gross SF
72,551
Rentable SF
72,551
Price/Gross SF
$217.06
Lot Size
6.02 acres
Year Built
2019

Investment Highlights

  • 2019 construction, 100% leased retail center
  • Anchored by HomeGoods (NYSE: TJX), Ulta Beauty (NASDAQ: ULTA), Five Below (NASDAQ: FIVE), and Cavender's
  • Aaron's is separately parceled | Below-market rent with no renewal rights remaining creates a potential value-add opportunity to reposition the space at higher market rents upon rollover
  • Located on US Highway 377 – Granbury's primary retail corridor | Pulls from a broad regional trade area + lake-driven tourism traffic

Investment Overview

Granbury Lakeside Center is a 72,551-square-foot, multi-tenant shopping center strategically positioned along the primary east-west arterial road in Granbury, Texas. The center is 100 percent leased to a complementary mix of national and regional tenants, including HomeGoods, Ulta Beauty, Five Below, Cavender’s, and Aaron’s, providing durable in-place cash flow supported by necessity, value-oriented, and service-based retail uses. All current leases are on triple-net terms. The property comprises three adjacent parcels totaling 6.02 acres, allowing future investment flexibility. The subject property is located in a high-traffic retail corridor along East US Highway 377, serving as a central retail hub within Hood County. The center is easily accessible and captures both local residents and regional commuter traffic, boasting a strong daily traffic count of 37,020 vehicles directly in front of the site. The property benefits from its position within a dense concentration of daily needs and big-box retailers, including a nearby Walmart Supercenter, The Home Depot, and a newly developed H-E-B grocery store. The property is surrounded by rapidly expanding residential and commercial developments, including the upcoming LakeView Landing, a 47-acre mixed-use community featuring waterfront homes, multi-family residences, and hospitality, as well as The Crossing at Lake Granbury, which will bring new retail and medical office space to the immediate trade area.

Exclusively Listed By

Financing By

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