1425 Justin Rd - Storefront FOR SALE


Lewisville, TX 75077
$5,940,000 USD
214-960-2835
1425 Justin Rd, Lewisville, TX for Sale
$5,940,000 USD
Storefront - FOR SALE
1/3
null | 7.35% Cap Rate

1425 Justin Rd
Lewisville, TX 75077


HIGHLIGHTS

  • 100% Leased Retail Asset Located in the Affluent Northern DFW Submarket of Lewisville, TX
  • Below Market Rents of only $17.98 PSF NNN
  • Priced Well Below Replacement Cost at $244.55 PSF to the Building
  • Fronting Justin Road, a Major East-West Throughfare in Denton County with Traffic Volumes Exceeding (31,400+ VPD)
  • Surrounding National Retailers Include Walmart, Tom Thumb, Chick-Fil-A, McDonald's, Starbucks & Wells-Fargo, Among Others
  • Average Household Income Exceeds $139,900, $137,600 & $147,100 in 1, 3 & 5 Mile Radii, Respectively

OVERVIEW

Lewisville Village is a 24,290 square foot retail asset situated in the affluent northern DFW submarket of Lewisville, Texas. Located on 2.86 acres, the Property is 100% leased to a complimentary tenant lineup including Chase Bank (ATM), State Farm, Rusty Anchor Bar & Grill, Village Motors, Pawsome Pets among numerous others. Lewisville Village is priced well below replacement cost at $244.55 per square foot to the building. Rents average only $17.98 per square foot NNN providing long term upside in rent growth. Pawsome Pets recently signed a new 5-year lease at $18.72 per square foot NNN with 4% annual escalations. The Property exhibits strong fundamentals with an average suite size of just 2,208 square feet providing strong residual value, highly visible pylon sign fronting Justin Road, abundance of parking, drive-thru ATM (Chase Bank) and 4 ingress/egress points of access with a left turn curb cut going west on Justin Road.

FOR SALE DETAILS

PRICE

$5,940,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lewisville Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

LI

APN/PARCEL ID

R121056

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.