1103 Round Grove RdLewisville, TX 75067

Property Details for 1103 Round Grove Rd

Year built

2004

Lot size

1.89 AC

Property size (Sq ft)

14,560 SF

Property type

Commercial real estate

APN

R215739

APU

R215739

Description

This exceptional investment opportunity presents a 14,560 square foot Walgreens located at 1103 W Round Grove Rd, Lewisville, TX 75067. The property sits on a 1.89-acre lot and boasts a recently extended absolute NNN lease with Walgreens Boots Alliance, guaranteeing a stable income stream through May 31, 2034, with ten 5-year renewal options. The lease, commenced December 4, 2004, features a corporate guarantee and no rent reduction. The property enjoys a 6.25% cap rate and a strong NOI of $317,000, with an asking price of $5,072,000 ($348.35/sq ft). Benefiting from high visibility at a signalized intersection with combined daily traffic counts exceeding 86,000 vehicles, the location is further enhanced by its proximity to two schools (nearly 5,000 students and 340+ faculty) and a senior living facility, serving a dense population of 114,938 within a 3-mile radius. The property's strategic location near the Dallas Fort Worth International Airport adds to its appeal. This is a truly passive investment opportunity with zero landlord responsibilities, as the tenant is responsible for all taxes, insurance, and maintenance. The building was constructed in 2004.

• Alternative Use

  Use

  Valuation

  Residential

  $3,049,456

  Hospitality

  $2,793,285

  Educational

  $2,323,980

  Medical

  $2,403,906

  Retail

  $3,615,081

Location Insight

City

Lewisville

County

Denton

State

Texas

Latitude

33.0069

Longitude

-97.0199

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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