2019-Constructed Leased Retail
1420 E US HWY 377 Granbury, TX 76048
1420 E US HWY 377, Granbury, TX, 76048
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For Sale
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Retail center built in 2019 and 100% leased, anchored by HomeGoods, Ulta, Five Below, and Cavender’s.
Property Size72,551 SF
Price / SF$217.06
Days on Market64
Property Features for 1420 E US HWY 377
General Information
- Standard status
- Active
- Size
- 72,551 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #TX 522087
Source
Crexi
Added: May 20 Updated: Jul 22 at 12:28AM Checked: Jul 22 at 12:28AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Constructed in 2019, this modern retail center is currently 100% leased and generates $1.14M+ in in-place NOI. The property features modern construction intended to limit near-term capital needs, with tenant space separately parceled, including Cavender’s and other portions of the center. In-place rents average approximately $15.80 PSF versus roughly $21 PSF market, reflecting about 28% below market levels, with the ability to drive NOI through renewals and re-leasing as spaces roll.
Located on US Highway 377 in Granbury, Texas, the center sits on the city’s primary retail corridor and is supported by a regional draw. The anchors include HomeGoods (TJX), Ulta Beauty, Five Below, and Cavender’s, with nearby national retailers listed in the remarks including Walmart, Lowe’s, Home Depot, H-E-B, and Kroger. A Chapter 380 Economic Development Agreement with the City of Granbury is noted as being in place, and the remarks indicate it may be available to purchase separately—contact the agent for additional details.
Located on US Highway 377 in Granbury, Texas, the center sits on the city’s primary retail corridor and is supported by a regional draw. The anchors include HomeGoods (TJX), Ulta Beauty, Five Below, and Cavender’s, with nearby national retailers listed in the remarks including Walmart, Lowe’s, Home Depot, H-E-B, and Kroger. A Chapter 380 Economic Development Agreement with the City of Granbury is noted as being in place, and the remarks indicate it may be available to purchase separately—contact the agent for additional details.
Key Highlights
- Retail center built in 2019 with 100% leased in‑place tenant occupancy
- In‑place NOI of $1.14M+ (as stated in remarks)
- Anchored by HomeGoods, Ulta Beauty, Five Below, and Cavender’s
Property Analytics
Location Intelligence
Current Use by Public Records
HomeGoods
Department Store
Five Below
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 735 East US Hwy 377, Granbury, TX 76048
- Coin Cloud Bitcoin ATM — 1150 East US Hwy 377, Granbury, TX 76048
- 377 Plaza — Granbury, TX 76048
FAQs
What type of property is this?
Shopping center - Retail center built in 2019 and 100% leased, anchored by HomeGoods, Ulta, Five Below, and Cavender’s.
Where is this shopping center located?
The property is located at 1420 E US HWY 377 Granbury, TX.
What is the asking price?
The asking price for this property is $15,748,000.
What are key features of this property?
This property features: Retail center built in 2019 with 100% leased in‑place tenant occupancy; In‑place NOI of $1.14M+ (as stated in remarks); Anchored by HomeGoods, Ulta Beauty, Five Below, and Cavender’s
