Lewisville Village

Price: $5,995,000
Sq. Ft.: 24,290
Cap Rate: 7.43%
Built: 1986
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Lewisville Village is a 100 percent occupied, 24,290-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 Rusty Anchor Bar & Grill, American Masters Martial Arts, Jin’s Massage, State Farm, Pawsome Pets, Fitzgerald Jewelry, Motor City Pizza, Event Center, SI Computers, and Village Motors. Additional income is derived from a long-term lease with JPMorgan Chase ATM located in the subject property’s parking lot. Constructed in 1986, the center is situated on a 2.86-acre parcel with a concrete parking lot. A double-sided pylon sign provides additional exposure to the center.

Lewisville Village is located on FM407/Justin Road near the signalized intersection with North Garden Ridge Boulevard. Traffic counts in front of the property are approximately 31,703 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Walmart Neighborhood Market, 7-Eleven, Goody Goody Liquors, Domino’s Pizza, Wells Fargo Bank, CVS Pharmacy, Sonic Drive-In, QuikTrip, McDonald’s, Walgreens, Tom Thumb, Lowe’s, Walmart and many more. The surrounding area benefits from excellent demographics, serving a population of more than 180,937 residents within a five-mile radius. The average household income is $112,586 within one mile; $108,808 within three miles; and $114,457 within five miles.

  • 24,290-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | 100% of the Leases are Triple-net
  • Established Tenant Base | 44% of the Gross Leasable Area has Occupied the Center for 14+ Years | Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Additional Income is Derived from a Long-Term Lease with a JPMorgan Chase ATM Pad
  • Hard Corner Location at the Intersection of FM 407/Justin Road and Archer Way | Easily Accessible from Multiple Ingress and Egress Points
  • Traffic Counts in Front of the Property are Approximately 31,703 Vehicles per Day
  • Less Than One Mile West of the Intersection with Interstate 35
  • Dense Retail Trade Area Along Justin Road with Numerous National and Regional Credit Tenants in the Surrounding Area
  • Centrally Located Between Lewisville Lake and Grapevine Lake, Two of the Most Visited Recreational Lakes in North Texas
  • Surrounding Area has Desirable Demographics | The Average Household Income is $112,586 within a One-Mile Radius; $112,586 within a Three-Mile Radius; and $114,457 within a Five-Mile Radius | Densely Populated with more than 180,937 Residents within a Five-Mile Radius
  • Located 16 Minutes from Dallas-Fort Worth International Airport, 28 Miles Northwest of Downtown Dallas, and 39 Miles Northeast of Downtown Fort Worth