For Sale
$8,273,000

1087 Main StLewisville, TX 75067

High-yield, two-tenant retail center in Texas.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 58,552 square foot shopping center in Lewisville, Texas, boasting a strong 8.50% cap rate and a compelling $8,273,000 asking price. The property, built in 1990 and renovated in 2019, sits on a 5.32-acre lot at the highly visible northeast corner of Main Street and S. Valley Parkway, a signalized intersection with a combined traffic count of 59,000 vehicles per day. The center is 100% occupied by two tenants: Biolife, secured by a corporate guarantee, and Airborne Sports, supported by personal guarantees from high-net-worth operators. Both tenants operate under absolute NNN leases, minimizing management responsibilities and ensuring consistent cash flow. The property benefits from its strategic location near major retailers including Walmart, Sam's Club, WinCo Foods, Lowe's, The Home Depot, and Aldi, and enjoys convenient access to I-35 Express Toll Road. The average household income within a three-mile radius is $114,000, indicating a strong and affluent consumer base. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Texas market, with the added benefit of Texas's favorable tax environment (no state income or investment tax). Lease terms and rent bumps are detailed in the offering memorandum.

Highlights

  • NNN leases with tenants paying pro rata share of expenses.
  • Strong demographics: $114,000 average household income within a 3-mile radius.
  • Excellent access to I-35 Express Toll Road via nearby W Main St.
  • High-traffic location: Signalized intersection of W Main St and S Valley Pkwy (59,000 VPD).
  • Located near Walmart, Sam's Club, Lowe's, Home Depot, WinCo Foods, Aldi, and other national retailers.

Property Details for 1087 Main St

Property type
Lifestyle centers, Power centers
Square Feet
58,552 SF
Year Built/Renovated
1990/2019
Buildings
1
Lot Size (sq. ft)
231,739 SF

Location Insight

City
Lewisville
County
Denton
State
Texas
Latitude
33.0441026
Longitude
-97.0190996
1087 Main St, Lewisville, Texas

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1087 Main St
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