Listed by Weitzman Dallas
$3,202,441
Hoffbrau Granbury
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 4,092
Cap Rate 7.25%
NOI $232,177
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Expiration 12/30/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Two (2) Five (5) Year Options
Class A
Year Built 2007
Year Renovated 2022
Acreage 1.170
Tenant Credit Corporate Guarantee
Rent Commencement 01/07/2010
Ground Lease No
Retail | 7.25% CAP | 4,087 SqFt
Marketing description
Weitzman is pleased to exclusively offer the opportunity to acquire the fee simple ownership at 315 E US Hwy 377, a Hoffbrau Steak & Grill House. Hoffbrau is a well-established, family-operated steakhouse located along the primary commercial corridor in Granbury, TX.
The offering presents an opportunity to acquire a single-tenant net lease investment that benefits from excellent visibility and accessibility along the primary retail corridor in Granbury. The corridor serves as the primary north-south connection between Granbury and Fort Worth, approximately 33 miles to the north, positioning the asset to benefit from both local and commuter traffic. The site is also located near Lake Granbury, a major recreational draw that supports consistent tourism and weekend visitation.
Granbury is a well-known destination for tourism, anchored by its historic square, lakefront amenities, and year-round events. The subject property’s proximity to these attractions enhances customer traffic from both residents and visitors, supporting strong lunch, dinner, and weekend volumes. The combination of tourism and population growth provides multiple demand drivers that diversify revenue streams and reduce reliance on any single customer segment.
Investment highlights
- Hoffbrau has been operating for 15+ years at this location
- Double net asset with Landlord only responsible for roof, structure and parking lot allowing for consistent passive income
- Annual rent increases throughout the remaining 13 years of the lease
- Prime frontage along US Hwy 377, the dominant retail thoroughfare in Granbury
- Positioned amongst major anchors: Walmart, Home Depot, Starbucks, Lowe's and Chick-fil-A
- Population growth projected at 13.28% within the next 5 years
- No state income tax
Listing Contacts
Listed by Weitzman Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$232,177.00
$19,348.08/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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