Lewisville Commons

Price: $3,676,000
Sq. Ft.: 16,136
Cap Rate: 7.38%
Built: 2005
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Lewisville Commons is a 16,136-square foot multi-tenant retail center in Lewisville, Texas. The stabilized center is 100 percent occupied, and all leases are triple-net. Tenants include  Encore! Encore!, Kid 2 Kid, Lewisville Nails & Spa, Edible Arrangements, Lucky Panda Cafe, Dickey’s BBQ, Automation Personnel Services, and Metro PCS. Constructed  in 2005, the building sits on 1.7 acres.

The subject property is located on FM 407 (Justin Road) at the signalized hard corner of North Garden Ridge  Boulevard, about one mile west of I-35E. Cumulative traffic counts are approximately 32,500 vehicles per day.  The  retail center is in line with Walmart Neighborhood Market; other neighboring retailers include 7-Eleven, CVS  Pharmacy, Sonic Drive-In, U-Haul, Kwik Kar, Sherwin-Williams, Wells Fargo Bank, Domino’s Pizza, and Goody  Goody Liquor.  The surrounding area has excellent demographics, with a three mile average household income exceeding $108,000 and a population of 174,960 residents.

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.