755 E State Highway 121
21,298 SF 100% Leased Retail Building Lewisville, TX 75067 $9,902,961 CAD ($464.97 CAD/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
· Tenant mix is comprised of internet-resistant and service-oriented businesses with average weighted rents of $24.83 PSF
· Value-add opportunity with the shopping center being 88% occupied and four of the five tenants having annuals bumps during their primary term
· Attractively priced at under $325 per square foot
· Excellent demos with more than 99,000 people within a three-mile radius with average household incomes in excess of $145,000
· Located in an extremely dense retail trade area which includes Costco, Target, LA Fitness, Best Buy, Dillard's, Total Wine, Ross, Dick's Sporting Goods, Michaels, Starbucks, Chipotle & many more
· Strong visibility from State Hwy 121 (Sam Rayburn Tollway) which carries over 125,000 VPD
· Value-add opportunity with the shopping center being 88% occupied and four of the five tenants having annuals bumps during their primary term
· Attractively priced at under $325 per square foot
· Excellent demos with more than 99,000 people within a three-mile radius with average household incomes in excess of $145,000
· Located in an extremely dense retail trade area which includes Costco, Target, LA Fitness, Best Buy, Dillard's, Total Wine, Ross, Dick's Sporting Goods, Michaels, Starbucks, Chipotle & many more
· Strong visibility from State Hwy 121 (Sam Rayburn Tollway) which carries over 125,000 VPD
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,298 SF
Building Class
C
Year Built
2007
Price
$9,902,961 CAD
Price Per SF
$464.97 CAD
Cap Rate
6.50%
NOI
$643,697 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.43 AC
Frontage
993’ on Lake Vista Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R527538 | Improvements Assessment | $3,918,663 CAD |
| Land Assessment | $2,138,744 CAD | Total Assessment | $6,057,407 CAD |
