1087 Main StLewisville, TX 75067

Property Details for 1087 Main St

Year built

1990

Lot size

5.34 AC

Property size (Sq ft)

58,623 SF

Property type

Other commercial real estate

APN

R134783

APU

R134783

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $12,278,039

  Hospitality

  $11,246,618

  Educational

  $9,357,054

  Medical

  $9,678,857

  Retail

  $14,555,417

Location Insight

City

Lewisville

County

Denton

State

Texas

Latitude

33.0438

Longitude

-97.019

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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