Fall Creek Medical Plaza | 601 Fall Creek Hwy
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Fall Creek Medical Plaza 601 Fall Creek Hwy
16,320 SF Office Building Granbury, TX 76049 For Sale
Investment Highlights
- Growing population with 19% growth since 2020.
- Additional land for potential property expansion.
- Granbury, TX is located 35 miles southwest of Fort Worth.
- Average household income is at $96K.
- Popular destination for tourists and new residents seeking small-town charm.
- Granbury offers access to DFW, a major market.
Executive Summary
Transwestern has been exclusively retained by the owner to offer qualified investors an opportunity to purchase Fall Creek Medical Plaza (the “Property”). The property at 601 Fall Creek Highway in Granbury, Texas, is a fully leased 16,464 SF medical office building. This single-tenant facility is 100% leased by Granbury Hospital Corporation (part of Community Health Systems/Lakeside Physicians), offering long-term stability through a NNN lease, which provides passive income for investors. The property also features excess land for potential expansion and a large parking ratio of 7.5 spaces per 1,000 SF, totaling 124 parking spaces. The building was built for the tenant in 2008 on 4.99 acres which was ground leased from the tenant for 50 years with two 25-year extension options. The ground lease expense is passed through as CAM.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Property Subtype
Medical
Building Size
16,320 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,320 SF
Building FAR
0.08
Land Acres
4.99 AC
Parking
124 Spaces (7.6 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | R000100374 | Improvements Assessment | $3,937,071 CAD |
Land Assessment | $762,477 CAD | Total Assessment | $4,699,548 CAD |
PROPERTY TAXES
Parcel Number
R000100374
Land Assessment
$762,477 CAD
Improvements Assessment
$3,937,071 CAD
Total Assessment
$4,699,548 CAD
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Fall Creek Medical Plaza | 601 Fall Creek Hwy
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