Edmonds Plaza East and West

Price: $4,516,000
Sq. Ft.: 15,550
Cap Rate: 6.94%
Built: 2014
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Edmonds Plaza East and West is a 15,550-square foot multi-tenant retail center in Lewisville, Texas. The center is fully stabilized at 100 percent occupancy, and all leases are triple net. Tenants consist of Park Dental Clinic, The Liquor Outpost, Victoria Nail Bar, Hizzy Bar and Restaurant, Burgerim, EZ Fumes, and Construction Engineers. The property consists of two buildings constructed in 2014, situated on 1.86 acres.

The subject property is located on the corner of West Round Grove Road and Willow Grove Drive, just west of South Edmonds Lane. Traffic counts in front of the subject property are approximately 34,000 vehicles per day. Neighboring retailers include The Children’s Courtyard, Goodwill, Tom Thumb grocery store, Great Clips, Kumon, Subway, UPS, Edward Jones, Marco’s Pizza, Kwik Kar Lube & Tune, Walgreens, McDonald’s, Children’s Lighthouse Learning Centers, and others. A large business and industrial park is located to the south of Round Grove Road with tenants such as Ericsson, Kuehne + Nagel, Kellogg Company, JP Morgan Corporate, Texas Instruments, PBM Laboratories, Blue Lynx Media, Fiserv, Overhead Door Corporation, Bed Bath and Beyond Distribution Center, and more. The surrounding area has strong demographics; the population exceeds 201,000 residents with an average household income of $101,850 within five miles of the property.

Lewisville, Texas, is a dynamic suburban community in the thriving North Texas region. Lewisville is a significant regional employer used by major corporations for both administrative headquarters and warehousing. With its location just minutes from DFW International Airport, and straddling two major highways, Lewisville is perfectly positioned for easy access to the rest of North Texas.