For Sale
$18,165,000

4440 State Highway 121Lewisville, TX 75056

Lewisville, TX Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 34,085-square-foot shopping center in Lewisville, Texas, presents a compelling investment opportunity. Boasting a 6.50% cap rate and a 100% occupancy rate, this Class A property generates a strong net operating income (NOI) of $1,180,499. Built in 2021, the center features a diverse mix of national, regional, and local tenants under long-term NNN leases. Situated on 5.7 acres at 4440 State Hwy 121, this prime location benefits from high visibility to over 147,000 vehicles daily. The property is part of The Realm at Castle Hills, a thriving 324-acre master-planned community, and enjoys proximity to Grandscape, a major mixed-use development. The strong demographics, with an average household income exceeding $147,000 within a one-mile radius, further enhance the investment potential. The center's first-floor retail space is ideally positioned below 260 high-end multi-family units, creating excellent synergy and walkability. The asking price is $18,165,000, translating to $532.93 per square foot. This is a rare opportunity to acquire a high-performing, well-located retail asset in a rapidly growing area of North DFW, surrounded by major retailers including Walmart, Target, Kroger, and many more. The property is offered as a condominium interest.

Highlights

  • 34,085 SF Class A shopping center, 100% occupied, offered as a condominium interest.
  • 2021 construction with long-term NNN leases.
  • Tenants include a mix of national, regional, and local retailers.
  • First-floor retail space located below 260 high-end multi-family units, promoting walkability and synergy.
  • Excellent demographics: $147,000 average household income within a one-mile radius.
  • High visibility location on Hwy 121, exposed to over 147,000 vehicles daily.

Property Details for 4440 State Highway 121

Property type
Lifestyle centers, Power centers
Square Feet
34,085 SF
Year Built
2021
Lot Size (sq. ft)
248,292 SF

Location Insight

City
Lewisville
County
Denton
State
Texas
Latitude
33.0620324
Longitude
-96.8949526
4440 State Highway 121, Lewisville, Texas

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4440 State Highway 121
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