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QuikTrip (Signalized Hard Corner | 87,859 VPD)

801 E State Hwy 121 Business, Lewisville, TX 75057

Listing Price: $3,363,000

Cap Rate
4.75%
Tenant Name
QuikTrip
Years Remaining On Lease
10.2
Gross SF
4,847
Guarantor
Corporate Guarantee
Rentable SF
4,847
Price/Gross SF
$693.83
Lease Type
Absolute Net
Rent Per Square Feet
$32.96

Investment Overview

Offered for sale is an Absolute Net leased QuikTrip in Lewisville, Texas, situated on a 1.76-acre signalized hard corner at the intersection of E Main Street and E Highway 121 Business, with a combined traffic count of more than 87,000 vehicles per day. The corporate-guaranteed lease has 10.3 years remaining and features scheduled rent increases every five years, with the tenant responsible for all roof, structure, taxes, and insurance obligations. The property is surrounded by more than 1,300 new multifamily units built since 2021 as part of the City of Lewisville's Old Town Master Plan revitalization effort. Located within a dense five-mile trade area, the property is supported by 218,193 residents, a daytime population of 194,288, and an average household income of $134,857.

Investment Highlights

  • Absolute Net Lease With 10.3 Years Remaining
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
  • Signalized Hard Corner at E Main St & E Hwy 121 | 44,387 & 43,472 VPD
  • Surrounded by 1,300+ New Multifamily Units Built Since 2021
  • Dense 5-Mile Trade Area | 218,193 Residents and $134,857 Average Household Income
  • Dallas-Fort Worth Metroplex | 8.2 Million Residents

Exclusively Listed By

Auto Service - Gas-Conv

QuikTrip (Signalized Hard Corner | 87,859 VPD)

Listing Price: $3,363,000

Cap Rate
4.75%
Tenant Name
QuikTrip
Years Remaining On Lease
10.2
Gross SF
4,847
Guarantor
Corporate Guarantee
Rentable SF
4,847
Price/Gross SF
$693.83
Lease Type
Absolute Net
Rent Per Square Feet
$32.96

Investment Highlights

  • Absolute Net Lease With 10.3 Years Remaining
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
  • Signalized Hard Corner at E Main St & E Hwy 121 | 44,387 & 43,472 VPD
  • Surrounded by 1,300+ New Multifamily Units Built Since 2021
  • Dense 5-Mile Trade Area | 218,193 Residents and $134,857 Average Household Income
  • Dallas-Fort Worth Metroplex | 8.2 Million Residents

Investment Overview

Offered for sale is an Absolute Net leased QuikTrip in Lewisville, Texas, situated on a 1.76-acre signalized hard corner at the intersection of E Main Street and E Highway 121 Business, with a combined traffic count of more than 87,000 vehicles per day. The corporate-guaranteed lease has 10.3 years remaining and features scheduled rent increases every five years, with the tenant responsible for all roof, structure, taxes, and insurance obligations. The property is surrounded by more than 1,300 new multifamily units built since 2021 as part of the City of Lewisville's Old Town Master Plan revitalization effort. Located within a dense five-mile trade area, the property is supported by 218,193 residents, a daytime population of 194,288, and an average household income of $134,857.

Exclusively Listed By

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