Lake Shore Crossing

Price: $11,000,000
Sq. Ft.: 42,654
Cap Rate: 6.38%
Pro Forma Cap Rate: 7.31%
Built: 2012

Lake Shore Crossing consists of two multi-tenant buildings totaling 42,654-square-feet situated on two land parcels totaling 5.78 acres in a high-growth area of Little Elm, Texas. The center is currently 91 percent occupied with a complementary mix of internet-resistant and service-oriented retailers. All leases are triple-net, and the majority of leases have personal guarantees. Tenants include a convenience store with Chevron gas station, Liquor Mart, Krab Kingz restaurant, Leo’s Brunch House, Furry Friends, Infant Wing Creekwood, Creekwood School, State Farm Insurance, Mr. Jim’s Pizza, HD Nails, One Off Events, Lake Front Family Dentistry, The Water’s Edge Café, Savory Kitchen, and King Indian Restaurant. The property includes a large pylon sign that provides additional exposure to the center.

  • 42,654-Square-Foot, Multi-Tenant Retail Center
  • 91% Occupied | All Leases are Triple-Net
  • Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 7.31%
  • Tenant Base is a Complimentary Mix of Internet-Resistant, Service-Oriented Businesses
  • Majority of the Leases have Personal Guarantees
  • Property Consists of Two Multi-Tenant Buildings Situated on Two Land Parcels Totaling 5.78 Acres with Ample Concrete Parking
  • Large Pylon Sign at the Main Entrance Provides Additional Exposure to the Center
  • Signalized, Hard Corner Location at the Intersection of Eldorado Parkway and Lobo Lane | Easily Accessible from Multiple Ingress and Egress Points | Cumulative Traffic Counts are 27,525 Vehicles per Day
  • Near Little Elm Park Boat Ramp on the Shores of Lewisville Lake, a Popular Recreational Lake Featuring 233 Miles of Shoreline | Hosts Approximately Six Million Visitors Annually
  • Highly-Desirable Demographics | Five-Mile Average Household Income is $121,637 | Five-Mile Population Exceeds 157,762 Residents