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Shopping Strip

Lewisville Commons

1511 FM407, Lewisville, TX 75077

Listing Price: $3,850,000

Cap Rate
6.59%
Gross SF
16,136
Rentable SF
16,136
Price/Gross SF
$238.60
Lot Size
1.69 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, multi-tenant retail center located in a densely populated area of Lewisville, Texas. Lewisville Commons is a 16,136-square foot shopping strip that is 100 percent occupied, and all leases are triple-net. Tenants are a mix of regional and local internet-resistant businesses, consisting of Dickey's Barbecue Pit, Encore! Encore!, Formulated Compound Lab, Lewisville Nail & Spa, CBD Texas Emporium, Lucky Panda Café, Automation Personnel Service, and A+ Foot Spa. Constructed in 2005, the building is situated on 1.696 acres and has a concrete parking lot. The subject property is located on the signalized hard corner of FM 407/Justin Road and North Garden Ridge Boulevard. Cumulative traffic counts are approximately 46,000 vehicles per day in front of the property. The property is in line with Walmart Neighborhood Market and adjacent to Special Abilities of North Texas. Other national and regional retailers in the area include Goody Goody Liquors, CVS Pharmacy, 7-Eleven, O'Reilly Auto Parts, Discount Tire, Valvoline, National Tire & Battery, 9 Round Kickbox Fitness, Chick-fil-A, Sonic, Walgreens, Tom Thumb, Lowe's, Walmart, and many more. The area has strong demographics, with a five-mile population of 189,022 residents and an average household income of approximately $122,000.

Investment Highlights

  • In Line with Walmart Neighborhood Market | Dickey's Barbecue Pit has a Drive-Through Window
  • Complementary Mix of Regional and Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Constructed in 2005 | Situated on a 1.696-Acre Parcel

Exclusively Listed By

Shopping Strip

Lewisville Commons

Listing Price: $3,850,000

Cap Rate
6.59%
Gross SF
16,136
Rentable SF
16,136
Price/Gross SF
$238.60
Lot Size
1.69 acres
Year Built
2005

Investment Highlights

  • In Line with Walmart Neighborhood Market | Dickey's Barbecue Pit has a Drive-Through Window
  • Complementary Mix of Regional and Local Tenants that are Internet-Resistant, Service-Oriented Businesses
  • Constructed in 2005 | Situated on a 1.696-Acre Parcel

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, multi-tenant retail center located in a densely populated area of Lewisville, Texas. Lewisville Commons is a 16,136-square foot shopping strip that is 100 percent occupied, and all leases are triple-net. Tenants are a mix of regional and local internet-resistant businesses, consisting of Dickey's Barbecue Pit, Encore! Encore!, Formulated Compound Lab, Lewisville Nail & Spa, CBD Texas Emporium, Lucky Panda Café, Automation Personnel Service, and A+ Foot Spa. Constructed in 2005, the building is situated on 1.696 acres and has a concrete parking lot. The subject property is located on the signalized hard corner of FM 407/Justin Road and North Garden Ridge Boulevard. Cumulative traffic counts are approximately 46,000 vehicles per day in front of the property. The property is in line with Walmart Neighborhood Market and adjacent to Special Abilities of North Texas. Other national and regional retailers in the area include Goody Goody Liquors, CVS Pharmacy, 7-Eleven, O'Reilly Auto Parts, Discount Tire, Valvoline, National Tire & Battery, 9 Round Kickbox Fitness, Chick-fil-A, Sonic, Walgreens, Tom Thumb, Lowe's, Walmart, and many more. The area has strong demographics, with a five-mile population of 189,022 residents and an average household income of approximately $122,000.

Exclusively Listed By

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