1425 Justin RdLewisville, TX 75077

Lewisville Village, a 24,290 square foot shopping center in Lewisville, Texas, presents a compelling investment opportunity. This single-story, 1986-built property sits on a 2.86-acre lot and boasts 100% occupancy with a diverse tenant mix including Chase Bank (with ATM), State Farm, Rusty Anchor Bar & Grill, Village Motors, and Pawsome Pets, among others. The property is priced at $5,940,000, representing a price per square foot of $244.55, significantly below replacement cost. Current rents average $17.98 per square foot NNN, offering substantial upside potential for future rent growth, particularly given Pawsome Pets' recent 5-year lease renewal with 4% annual escalations. The center features an average suite size of 2,208 square feet, a highly visible pylon sign on Justin Road (a major east-west thoroughfare with over 31,400 vehicles per day), ample parking, a drive-thru ATM, and four ingress/egress points, including a convenient westbound left-turn curb cut. The property benefits from its location in an affluent area with strong demographics: average household incomes exceed $139,900, $137,600, and $147,100 within 1, 3, and 5-mile radii, respectively. The area has experienced a remarkable 337% population increase within a 1-mile radius since 2000. Proximity to Lewisville Lake, a major tourist attraction, further enhances the property's appeal. The property offers a 7.35% cap rate.