Freestanding Restaurant with
For Sale
Contact for pricing
101 N Magnolia St, Crowley, TX 76036
Brand-new 2026 buildout on a historic landmark, operated under a long-term NN lease with covered outdoor seating.
Property Size6,425 SF
Price / SF$449.96
Days on Market58
Property Features for 101 N Magnolia St
General Information
Standard status
Active
Size
6,425 SF
Property subtype
Retail
Building Details
Year Built
2026
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Adam Gottschalk · License #TX 636961
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 4 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Real Estate
Investment Insights
Based on property information with market context.
This freestanding restaurant property features a brand-new 2026 construction and renovation built around a century-old downtown landmark, including a new 3,000 SF addition. The facility has vaulted exposed ceilings and offers 220 seats, along with a covered outdoor patio for customer dining. The property is currently operated by Fred’s Texas Cafe.
The restaurant is positioned on the main street corridor of downtown Crowley at 101 N Magnolia St. The public remarks also reference a recent $5.6M streetscape enhancement project on the corridor.
For investors or buyers, the asset is offered as a leasehold interest under a 10-year NNN lease through January 2036. The lease includes 2.5% annual rent bumps and three separate 5-year renewal options, providing a defined hold period. Tenants and operators evaluating a long-term food and beverage site will also benefit from the established restaurant configuration, including indoor capacity and covered patio space built into the latest improvements.
The restaurant is positioned on the main street corridor of downtown Crowley at 101 N Magnolia St. The public remarks also reference a recent $5.6M streetscape enhancement project on the corridor.
For investors or buyers, the asset is offered as a leasehold interest under a 10-year NNN lease through January 2036. The lease includes 2.5% annual rent bumps and three separate 5-year renewal options, providing a defined hold period. Tenants and operators evaluating a long-term food and beverage site will also benefit from the established restaurant configuration, including indoor capacity and covered patio space built into the latest improvements.
Key Highlights
- Brand‑new 2026 construction/renovation with year built listed as 2026
- 10‑year NNN lease through January 2036 with 2.5% annual rent bumps
- Three 5‑year renewal options included in the lease
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.8k | $21.60 |
| − Vacancy | −$9.0k | −$1.40 |
| EGI | $129.8k | $20.20 |
| − OpEx | −$32.4k | −$5.05 |
| NOI | $97.3k | $15.15 |
6,425 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,319 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,209 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76036, TX
31,589
Population
11,807
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
44.1 sq mi
ZIP Area
716
Density / Sq Mi
$94,124
Median Household Income
$48,214
Median Earnings
$1,579
Median Rent
$288,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brand-new 2026 buildout on a historic landmark, operated under a long-term NN lease with covered outdoor seating.
Where is this conventional restaurant located?
The property is located at 101 N Magnolia St Crowley, TX.
What is the asking price?
The asking price for this property is $2,891,000.
What are key features of this property?
This property features: Brand‑new 2026 construction/renovation with year built listed as 2026; 10‑year NNN lease through January 2036 with 2.5% annual rent bumps; Three 5‑year renewal options included in the lease
