Skip to main content

Shopping Strip

Pecan Reserve Business Center I & II

1315 -1321 Waters Edge Drive, Granbury, TX 76048

Listing Price: $5,918,000

Cap Rate
7.10%
Gross SF
30,000
Rentable SF
30,000
Price/Gross SF
$197.27
Lot Size
2.92 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two mixed use, multi-tenant buildings totaling 30,000-square feet located in Granbury, Texas. The center is currently 98% occupied with gross leases, providing future upside potential. The tenant base is a complementary mix of medical, office, and government tenants. Constructed in 2006 and 2008, the buildings are situated on two parcels totaling 2.92-acres. Pecan Reserve Business Center I & II are located on Waters Edge Drive just south of US Highway 377. The property is in close proximity to many national retailers including Lowe's Home Improvement, Walmart, CATO, Dollar Tree, The Home Depot, Staples, GameStop, Starbucks Coffee, Sally Beauty Supply, Taco Bell, Chick-fil-A, Sherwin Williams, Walgreens, and more. Over 38,000 residents are within five miles of the property, and the average household income is $80,939.

Investment Highlights

  • 30,000-Square Foot, Muli-Tenant Flex Center
  • 98% Occupied with Gross Leases Providing Future Upside Potential
  • Complementary Mix of Medical, Office, and Government Tenants
  • Buildings have a Metal Roof

Exclusively Listed By

Financing By

Shopping Strip

Pecan Reserve Business Center I & II

Listing Price: $5,918,000

Cap Rate
7.10%
Gross SF
30,000
Rentable SF
30,000
Price/Gross SF
$197.27
Lot Size
2.92 acres
Year Built
2006

Investment Highlights

  • 30,000-Square Foot, Muli-Tenant Flex Center
  • 98% Occupied with Gross Leases Providing Future Upside Potential
  • Complementary Mix of Medical, Office, and Government Tenants
  • Buildings have a Metal Roof

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two mixed use, multi-tenant buildings totaling 30,000-square feet located in Granbury, Texas. The center is currently 98% occupied with gross leases, providing future upside potential. The tenant base is a complementary mix of medical, office, and government tenants. Constructed in 2006 and 2008, the buildings are situated on two parcels totaling 2.92-acres. Pecan Reserve Business Center I & II are located on Waters Edge Drive just south of US Highway 377. The property is in close proximity to many national retailers including Lowe's Home Improvement, Walmart, CATO, Dollar Tree, The Home Depot, Staples, GameStop, Starbucks Coffee, Sally Beauty Supply, Taco Bell, Chick-fil-A, Sherwin Williams, Walgreens, and more. Over 38,000 residents are within five miles of the property, and the average household income is $80,939.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower