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101 N Magnolia St
Crowley, TX 76036
Fred's Texas Cafe · Retail Property For Sale
Executive Summary
Brand New 2026 Construction/Renovation - 10-Year NN Lease Through January 2036 With 2.5% Annual Rent Bumps and Three 5-Year Renewal Options
Fred’s Texas Cafe, a Fort Worth Institution Since 1978, With This Crowley Location Marking Its First Expansion Outside the City
Operates Out of a Century-Old Downtown Landmark with a New 3,000 SF Addition, Vaulted Exposed Ceilings, 220-Seat Capacity, and Covered Outdoor Patio
Positioned on the Main Street Corridor of Downtown Crowley Following a Recent $5.6M Streetscape Enhancement Project
Average Household Income Exceeds $108,000 in a 3 Mile Radius – Well Above National Average
1-Mile Population Projected to Grow 5.19% Annually Through 2029; Proximity to Karis (2,000+ Lots Under Construction) and Chisholm Summit’s $1.15B Master-Planned Development
#5 in DFW for New Home Occupancies Among All School Districts and First on the Southern Side of the Metroplex, with a Record 2,075 Homes Delivered Inside Crowley ISD Boundaries (Read More HERE)
Surrounding National Retailers Include Walmart Supercenter, Kroger Marketplace, Planet Fitness, McDonald’s, CVS, Walgreens, Chase, AutoZone & Many More
Fred’s Texas Cafe, a Fort Worth Institution Since 1978, With This Crowley Location Marking Its First Expansion Outside the City
Operates Out of a Century-Old Downtown Landmark with a New 3,000 SF Addition, Vaulted Exposed Ceilings, 220-Seat Capacity, and Covered Outdoor Patio
Positioned on the Main Street Corridor of Downtown Crowley Following a Recent $5.6M Streetscape Enhancement Project
Average Household Income Exceeds $108,000 in a 3 Mile Radius – Well Above National Average
1-Mile Population Projected to Grow 5.19% Annually Through 2029; Proximity to Karis (2,000+ Lots Under Construction) and Chisholm Summit’s $1.15B Master-Planned Development
#5 in DFW for New Home Occupancies Among All School Districts and First on the Southern Side of the Metroplex, with a Record 2,075 Homes Delivered Inside Crowley ISD Boundaries (Read More HERE)
Surrounding National Retailers Include Walmart Supercenter, Kroger Marketplace, Planet Fitness, McDonald’s, CVS, Walgreens, Chase, AutoZone & Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,425 SF
Building Class
B
Year Built/Renovated
1936/2026
Price
$3,015,000
Price Per SF
$469.26
Cap Rate
8%
NOI
$241,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.34 AC
Parking
7 Spaces (1.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 00672629 | Improvements Assessment | $200,285 |
| Land Assessment | $148,100 | Total Assessment | $348,385 |
Property Taxes
Parcel Number
00672629
Land Assessment
$148,100
Improvements Assessment
$200,285
Total Assessment
$348,385
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