South Mill Plaza

Price: $2,450,000
Sq. Ft.: 19,456
Cap Rate: 8.16%
Built: 1969

South Mill Plaza is a 19,456-square foot multi-tenant retail center in Lewisville, Texas. The center is 100 percent occupied, and all tenants have gross leases. Tenants consist of a tattoo art shop, church, Martinez Grill & Taqueria, banquet hall, Siempre Tax, Coin Laundry, Zafiro Donuts, and masonry supplies. The building was constructed in 1969 and sits on 0.908 acres.

The subject property is located on South Mill Street, in between Interstate 35 East and TX Business 121. Traffic counts are approximately 11,100-vehicles per day in front of the property. Other national and regional retailers neighboring the property include NAPA Auto Parts, 7-Eleven, Enterprise Rent-A-Car, Dollar General, Fred Loya Insurance, and Pizza Patron. The densely populated area has a five mile population of 196,500 and an average household income of $99,000.