Shopping Strip

Corporate Square

Listing Price: $2,200,000

Cap Rate
7.15%
Gross SF
10,100
Rentable SF
10,100
Price/Gross SF
$217.82
Lot Size
1.07 acres
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, multi-tenant retail center in a highly-desirable retail trade area in Lewisville, Texas. Corporate Square is a 10,100-square foot shopping strip that is 100 percent occupied, and all leases are gross. Tenants are a mix of local businesses, consisting of Super Mix Daiquiris, Black Tie Liquors, Metro PCS, and Coin Laundry. Constructed in 2014, and the building is situated on 1.068-acre parcel. The subject property is located on Corporate Drive near the signalized intersection of Corporate Drive and Interstate 35. Traffic counts are approximately 22,900 vehicles per day in front of the property. Surrounded by dense retail, Corporate Square is near Music City Mall, anchored by Dillard’s, JCPenney, Macy’s, and Cinemark and has over 130 retail shops. Other national and regional retailers in the area include Walmart Supercenter, DSW, Bed Bath & Beyond, Burke’s Outlet, HobbyTown USA, Pier 1 Imports, Haverty’s, BBVA, LA Fitness, Romano’s Macaroni Grill, Costco, Guitar Center, Best Buy, Starbucks, BJ’s Restaurant and Brewhouse, Buffalo Wild Wings, Target, At Home, Academy Sports, Conn’s HomePlus, Olive Garden, Marshalls, Hobby Lobby, Michaels, OfficeMax, Barnes & Noble, Dollar Tree, and numerous others. The area has strong demographics, with a five-mile population of 235,426 residents and an average household income exceeding $111,613.

Investment Highlights

  • 10,100-Square Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Gross
  • Future Upside Potential in Converting Leases to Triple-Net
  • Located Just West of Interstate 35 on Corporate Drive |
  • Dense Retail Trade Area with Strong Demographics

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
7.15%
Gross SF
10,100
Rentable SF
10,100
Price/Gross SF
$217.82
Lot Size
1.07 acres
Year Built
2014

Investment Highlights

  • 10,100-Square Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Gross
  • Future Upside Potential in Converting Leases to Triple-Net
  • Located Just West of Interstate 35 on Corporate Drive |
  • Dense Retail Trade Area with Strong Demographics

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, multi-tenant retail center in a highly-desirable retail trade area in Lewisville, Texas. Corporate Square is a 10,100-square foot shopping strip that is 100 percent occupied, and all leases are gross. Tenants are a mix of local businesses, consisting of Super Mix Daiquiris, Black Tie Liquors, Metro PCS, and Coin Laundry. Constructed in 2014, and the building is situated on 1.068-acre parcel. The subject property is located on Corporate Drive near the signalized intersection of Corporate Drive and Interstate 35. Traffic counts are approximately 22,900 vehicles per day in front of the property. Surrounded by dense retail, Corporate Square is near Music City Mall, anchored by Dillard’s, JCPenney, Macy’s, and Cinemark and has over 130 retail shops. Other national and regional retailers in the area include Walmart Supercenter, DSW, Bed Bath & Beyond, Burke’s Outlet, HobbyTown USA, Pier 1 Imports, Haverty’s, BBVA, LA Fitness, Romano’s Macaroni Grill, Costco, Guitar Center, Best Buy, Starbucks, BJ’s Restaurant and Brewhouse, Buffalo Wild Wings, Target, At Home, Academy Sports, Conn’s HomePlus, Olive Garden, Marshalls, Hobby Lobby, Michaels, OfficeMax, Barnes & Noble, Dollar Tree, and numerous others. The area has strong demographics, with a five-mile population of 235,426 residents and an average household income exceeding $111,613.

Exclusively Listed By

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