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    605 Harris St Morgan, TX

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    For Sale
    $1,231,000

    Retail building with long-term corporate lease in Morgan, Texas.

    Property size:
    9,100 SF
    Lot size:
    1.37 Acres

    Property Features for 605 Harris St

    General Information

    Size
    9,100 SF
    Lot size
    1.37 Acres

    Source: Secure Net Lease - Dallas Agent Russell Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newer Retail Building For Sale

    Constructed in 2019, this retail building offers approximately 9,100 square feet of space on a 1.35-acre lot. The property is subject to a corporate absolute NNN lease with approximately 9 years remaining and three 5-year renewal options. Located in Morgan, Texas, it is approximately 50 miles south of the Dallas-Fort Worth Metroplex and 30 miles from Waco, Texas. The property is also located about 7 miles from Lake Whitney, a destination designated as the “Getaway Capital of Texas”. The site benefits from limited competition, as this Dollar General is one of only two grocery options in the Morgan area. The tenant, Dollar General, is a Fortune 500 company and one of the largest discount retailers in the U.S., with over 20,400 locations nationwide. Morgan is located within the Dallas-Fort Worth Metroplex, which has a MSA population of 8.3 million.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Grocery Store Bar & Pub Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgan
    County
    Bosque
    State
    Texas
    Longitude
    -97.6083551
    Latitude
    32.0187622

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail building with long-term corporate lease in Morgan, Texas.
    Where is this grocery and convenience store located?
    The property is located at 605 Harris St Morgan, TX.
    What is the asking price?
    The asking price for this property is $1,231,000.
    What are key features of this property?
    This property features: - Corporate Absolute NNN Lease with 9 Years Remaining and (3) 5-Year Options to Renew; - Fortune 500 Company (Dollar General) with 20,400+ Locations Nationwide; - Limited Competition – One of Only Two Grocery Options in the Morgan Area
    (214) 522-7200
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    Morgan, TX
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 Harris St Morgan, TX
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