5429 Acton Hwy - Freestanding FOR SALE


Granbury, TX 76049
$821,000 USD
206-826-5730
5429 Acton Hwy, Granbury, TX for Sale
$821,000 USD
Freestanding - FOR SALE
1/7
null | 7.5% Cap Rate

5429 Acton Hwy
Granbury, TX 76049


HIGHLIGHTS

  • Long Term Commitment – Recent 8 Year Lease Extension Executed; 20+ Years Continued Occupancy
  • 19% Population Growth Projected Over Next 5 Years (CoStar), Granbury is Located 35 Miles Southwest of Fort Worth (45 Minute Drive)
  • 2024 Upgrades and Interior Renovations – the Tenant Completed Interior Renovation and Parking Lot Was Sealed and Restriped
  • Passive Lease Structure – Landlord Responsible for Roof, Structure and Parking Lot, Tenant Pays Taxes Direct and Reimburses for Landlord’s Insurance
  • Low Rent, Tenant Pays Just $7.89/SF, 10% Rent Increases at Each Option

OVERVIEW

Marcus & Millichap is proud to offer for sale fee simple ownership of the recently upgraded and renovated Family Dollar located along Acton Highway in Granbury, TX. Family Dollar has continuously operated at this location for over 20 years and recently executed a fresh 8-year extension. In 2024, the tenant completed a thorough interior remodel of the store, and the parking lot was also striped and sealed offering zero near term expenses for a new landlord. The lease now expires December 31st, 2031, and offers 10% rent increases at each of the remaining two options. Granbury, TX is the county seat of Hood County and located 35 miles Southwest of Fort Worth. Granbury is home to 12,600 residents and in the last 5 years has experienced a 14% increase in population. CoStar projects continued growth with a projected 19% population increase over the next 5 years. New development has continued in Granbury with recent residential projects: Abe’s Landing (200 Homes) and Sandstone Estates (105 Homes - DR Horton). The Crossing at Lake Granbury is currently under development and will be a new 50-acre mixed use development that will include retail, restaurants, medical and professional office, senior housing, apartments and hospitality. The subject property sits adjacent to Sonic Drive-In and near Acton Elementary School, Cornerstone Academy and The Residence at Legacy Park (Senior Living).

FOR SALE DETAILS

PRICE

$821,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar (Recent Remodel & Extension)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,236 SF

ZONING

-

APN/PARCEL ID

R000096237

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.