Skip to main content

Shopping Strip

Lake Vista Center

755 TX-121 BUS, Lewisville, TX 75057

Listing Price: $8,829,000

Cap Rate
6.50%
Gross SF
21,298
Rentable SF
21,298
Price/Gross SF
$414.55
Lot Size
3.66 acres
Year Built
2007

Investment Overview

Lake Vista Center is a 100 percent leased, 21,298-square-foot retail center located in Lewisville, Texas. All leases are triple-net. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Wild Chevelle Properties, Infinity Smile Center, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff's Treats, and 4Thirteen Kitchen and Sports Bar. The property consists of two multi-tenant buildings that were constructed in 2007, situated on two land parcels totaling 3.66 acres. Additional income is provided by a long-term lease with Clear Channel for a double-sided digital billboard. The offering includes a pad site for potential future development. Situated near two major thoroughfares, Texas Highway 121 and Interstate 35E, the subject property is strategically located to maximize freeway visibility with combined traffic counts in excess of 220,737 vehicles per day. The center is located near many national and regional retailers, including Costco, LA Fitness, Starbucks, Chipotle, Red Lobster, Best Buy, Ross, 7-Eleven, Sonic, Bed Bath & Beyond, DSW, Burkes Outlet, Walmart, Harbor Freight Tools, McAlister's Deli, Verizon, and many more.

Investment Highlights

  • 21,298-Square-Foot, Multi-Tenant Retail Center | 100% Occupied with Internet Resistant, Service-Oriented Tenants | All Current Leases are Triple-net
  • Additional Income is Derived from a Long-Term Lease with Clear Channel Outdoor for a Double-Sided Digital Billboard
  • Property Consists of Two Multi-Tenant Buildings Situated on Two Land Parcels with Ample Concrete Parking | Includes a Pad Site for Possible Future Development
  • Highly Visible Freeway Location at the Crossroads of State Highway 121 and Interstate 35E | Extremely High Traffic Counts Exceeding 220,737 Vehicles Per Day
  • Located in a Dense Retail Trade Area Near Music City Mall | Anchored by Dillard's Clearance Center, Cinemark Theatres, and Zion Market, and Featuring 130+ Specialty Shops

Exclusively Listed By

Shopping Strip

Lake Vista Center

Listing Price: $8,829,000

Cap Rate
6.50%
Gross SF
21,298
Rentable SF
21,298
Price/Gross SF
$414.55
Lot Size
3.66 acres
Year Built
2007

Investment Highlights

  • 21,298-Square-Foot, Multi-Tenant Retail Center | 100% Occupied with Internet Resistant, Service-Oriented Tenants | All Current Leases are Triple-net
  • Additional Income is Derived from a Long-Term Lease with Clear Channel Outdoor for a Double-Sided Digital Billboard
  • Property Consists of Two Multi-Tenant Buildings Situated on Two Land Parcels with Ample Concrete Parking | Includes a Pad Site for Possible Future Development
  • Highly Visible Freeway Location at the Crossroads of State Highway 121 and Interstate 35E | Extremely High Traffic Counts Exceeding 220,737 Vehicles Per Day
  • Located in a Dense Retail Trade Area Near Music City Mall | Anchored by Dillard's Clearance Center, Cinemark Theatres, and Zion Market, and Featuring 130+ Specialty Shops

Investment Overview

Lake Vista Center is a 100 percent leased, 21,298-square-foot retail center located in Lewisville, Texas. All leases are triple-net. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Wild Chevelle Properties, Infinity Smile Center, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff's Treats, and 4Thirteen Kitchen and Sports Bar. The property consists of two multi-tenant buildings that were constructed in 2007, situated on two land parcels totaling 3.66 acres. Additional income is provided by a long-term lease with Clear Channel for a double-sided digital billboard. The offering includes a pad site for potential future development. Situated near two major thoroughfares, Texas Highway 121 and Interstate 35E, the subject property is strategically located to maximize freeway visibility with combined traffic counts in excess of 220,737 vehicles per day. The center is located near many national and regional retailers, including Costco, LA Fitness, Starbucks, Chipotle, Red Lobster, Best Buy, Ross, 7-Eleven, Sonic, Bed Bath & Beyond, DSW, Burkes Outlet, Walmart, Harbor Freight Tools, McAlister's Deli, Verizon, and many more.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower