Lake Vista Center

Price: $7,000,000
Sq. Ft.: 21,298
Cap Rate: 7.5%
Built: 2007
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Lake Vista Center is a 100 percent leased, 21,298-square-foot retail center located in Lewisville, Texas. All leases are triple-net. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen and Sports Bar, and Lucky Smoke Shop. The property consists of two multi-tenant buildings that were constructed in 2007, situated on a 2.431-acre parcel.

Situated near two major thoroughfares, Texas Highway 121 and Interstate 35E, the subject property is strategically located to maximize freeway visibility with combined traffic counts in excess of 220,737 vehicles per day. The center is located near many national and regional retailers, including Costco, LA Fitness, Starbucks, Chipotle, Red Lobster, Best Buy, Ross, 7-Eleven, Sonic, Bed Bath & Beyond, DSW, Burkes Outlet, Walmart, Harbor Freight Tools, McAlister’s Deli, Verizon, and many more.

  • 21,298-Square-Foot, Multi-Tenant Retail Center | 100% Occupied with Internet Resistant, Service-Oriented Tenants | All Current Leases are Triple-net
  • Property Consists of Two Multi-Tenant Buildings Situated on 2.431 Acres with a Concrete Parking Lot
  • Pylon Signage at Entrance Provides Additional Exposure to the Center
  • Highly Visible Freeway Location at the Crossroads of State Highway 121 and Interstate 35E | Extremely High Traffic Counts Exceeding 220,737 Vehicles Per Day
  • Located in a Dense Retail Trade Area Near Music City Mall | Anchored by Dillard’s Clearance Center, Cinemark Theatres, and Zion Market, and Featuring 130+ Specialty Shops | Numerous Other Neighboring Retailers Including Costco, Saltgrass Steak House, Best Buy, LA Fitness, Guitar Center, and More
  • Many Nearby National Hotel Chains and Office Campuses (Such as Mr. Cooper Corporate Offices, Caliber Collision, and Mary Kay Research and Development) Drive Additional Traffic to the Area
  • Surrounding Area has Desirable Demographics | Average Household Income is $105,991 within a One-Mile Radius; $112,261 within a Three-Mile Radius; and $110,814 within a Five-Mile Radius | Densely Populated with more than 258,098 Residents and a Daytime Population Exceeding 111,400 Employees within Five Miles