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490 Oakbend Dr Lewisville, TX 75067

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For Sale
$7,393,773

2021 built PetSuites in Lewisville, TX with long-term lease.

Property size:
15,784 SF
Lot size:
2.05 Acres

Property Features for 490 Oakbend Dr

General Information

Size
15,784 SF
Lot size
2.05 Acres

Source: Prime Net Lease Agent Paul Matusik

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lewisville PetSuites Investment Opportunity

This 15,784 square foot PetSuites facility, constructed in 2021, is located in Lewisville, Texas. The property opened in October 2021 and is operating under a twenty-year absolute NNN lease, which assigns zero landlord responsibilities. The corporately guaranteed lease has approximately 18 years remaining on its initial term. The absolute NNN lease includes 10% rental increases every five years during the base term and provides the tenant with five successive five-year options to extend the lease. The lease is corporately guaranteed by National Veterinary Associates, which has over 1,000 units. The PetSuites benefits from high visibility due to its strategic location next to the I-35 exit, which sees 176,049 vehicles per day, and S Stemmons Fwy, which sees 41,466 vehicles per day. The site is in proximity to residential homes and is located within Vista Ridge Village, which houses major retailers and restaurants. The surrounding area has a five-mile population of 240,163 and a three-mile average household income of $105,208 per year. The area is experiencing growth, with a projected three-mile population growth rate of 2.0% over the next five years. Total consumer spending within a five-mile radius is estimated at $3.2 billion. The property is located within the Dallas–Fort Worth–Arlington metroplex, encompassing 11 counties and serving as the economic and cultural hub of North Texas.
Insight Report Location Intelligence

Current Use by Public Records

PetSuites Lewisville Pet Boarding Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lewisville
County
Denton
State
Texas
Longitude
-96.9782463
Latitude
33.0097938

FAQs

What type of property is this?
Retail space - 2021 built PetSuites in Lewisville, TX with long-term lease.
Where is this retail space located?
The property is located at 490 Oakbend Dr Lewisville, TX.
What is the asking price?
The asking price for this property is $7,393,773.
What are key features of this property?
This property features: - 20-Year Absolute NNN Lease with approximately 18 years remaining, providing zero landlord responsibilities.; - Corporate guarantee by National Veterinary Associates (1000+ Units).; - Located in a high-traffic area next to the I-35 exit and S Stemmons Fwy.
More about this property
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