Granbury Lakeside Center
100% Leased : 2019 Construction : National Tenancy Driving Daily Traffic : Dominant Retail Node
Marketing description
High-Yield, Durable Cash Flow
- 2019 construction, 100% leased retail center
- Generates $1.14M+ in-place NOI
- Modern construction limits near-term capital needs
National Tenancy Driving Daily Traffic
- 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
- Tenant mix is value-oriented + necessity-driven, supporting performance in all economic cycles
Mark-to-Market Upside = Built-In Growth
- In-place rents average ~$15.80 PSF vs. ~$21 PSF market (~28% below market)
- Creates a clear path to NOI growth through renewals and re-leasing
Dominant Retail Node with Regional Draw
- Located on US Highway 377 – Granbury’s primary retail corridor
- Surrounded by top national anchors including Walmart, Lowe’s, Home Depot, H-E-B, and Kroger
- Pulls from a broad regional trade area + lake-driven tourism traffic
Granbury = Growth + Barriers to Entry
- Rapid population growth with ~14% increase over the past 5 years (5-mile)
- Limited new retail supply → existing centers capture demand
- Strong mix of full-time residents and weekend destination traffic
Chapter 380 Economic Development Agreement in Place with City of Granbury | Potential to Purchase Separately
- Inquire with Agent for more information.
Investment highlights
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.
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