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.
- 10,100-Square Foot, Multi-Tenant Retail Center
- 100% Occupied | All Leases are Gross
- 89% of the Gross Leasable Area has Essential Business Tenants
- According to the Landlord, All Tenants are Currently Paying Full Rent
- Future Upside Potential in Converting Leases to Triple-Net
- Complementary Mix of Internet-Resistant Tenants
- Building is Newer 2014 Construction
- Sits on a 1.068-Acre Lot with Paved Parking
- Located Just West of Interstate 35 on Corporate Drive | Traffic Counts on Corporate Drive are Approximately 22,900 Vehicles per Day
- Dense Retail Trade Area | Close Proximity to Music City Mall | Mall has 130 Stores and is Anchored by Dillard’s, JCPenney, Macy’s, and Cinemark | Numerous other National Credit Tenants in the Surrounding Area
- Strong Demographics | Average Household Income Exceeds $111,000 within Five Miles | Five-Mile Population is 235,426 Residents
- Located 10 Minutes from Dallas-Fort Worth Airport
- Located 23 Miles Northwest of Downtown Dallas and 31 Miles Northeast of Downtown Fort Worth
