Investment Overview

Victory Shops at Lavon is a 14,938-square-foot, multi-tenant retail center that is located in the high-growth North Dallas suburb of Lavon, Texas. Tenants are a complementary mix of internet-resistant and service-oriented businesses including Dunkin' Donuts, Integrity Urgent Care, The Nail Lounge, Simply Smiles Family Dental, and Bearded Monkey Sports Bar & Grill. All leases are triple-net and have scheduled rent escalations during the primary term. Constructed in 2022, the building features an attractive architectural design with metal awnings, situated on a 1.517-acre lot with concrete parking. The Dunkin' end cap suite has a drive-through window. Victory Shops at Lavon is positioned on the northeast corner of State Highway 78 and Burleson Drive at the first entrance into residential community Grand Heritage West with approximately 871 single family lot homes. The property benefits from multiple ingress and egress points, and traffic counts are approximately 30,974 vehicles per day. Adjacent pads include Taco Bell, Sonic Drive-In, and Starbucks. National and regional retailers in close proximity include Spec's (currently under construction), 7-Eleven, O'Reilly Auto Parts, RaceTrac and Dollar General. NeSmith Elementary School, with a current enrollment of approximately 580 students, is located less than two miles south of the subject property, providing additional traffic to the area. The subject property is located in a highly affluent area and experiencing continued growth from nearby single-family residential developments. The average household income within one mile of the subject property is $118,608; $120,941 within three miles; and $134,035 within five miles.