Restaurant Property with Redevelopment
For Sale
Contact for pricing
543 E FM 3040, Lewisville, TX
NNN leased restaurant with strong franchisee and redevelopment potential.
Property Size5,911 SF
Lot Size1.15 Acres
Price / SF$577.89
Days on Market261
Property Features for 543 E FM 3040
General Information
Standard status
Active
Size
5,911 SF
Lot size
1.15 Acres
Property subtype
RETAIL
Listing Agency:
Stream Capital Partners
(256) 694-9803
Listed By:
Adam English · License #475152062
(256) 694-9803
Source:
Moodyscre
Added: Nov 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stream Capital Partners
Investment Insights
Based on property information with market context.
This property, suitable for conventional restaurants, retail, and specialty purposes, features an absolute NNN lease with over 7 years remaining, requiring minimal landlord involvement as the tenant covers insurance, taxes, and maintenance expenses. The property benefits from a large lot size of 1.14 acres. The location is a prime signalized corner with full visibility off E Round Rd, which sees 40,000 vehicles per day, and is just off major highway I-35, ensuring high traffic exposure. Nearby national retailers include Target, Walmart, Kroger, Chick-fil-A, Starbucks, and Home Depot. An 8% rent increase is scheduled for July 2029, with 10%+ increases scheduled at each option. The Vista mall will undergo a $200 million redevelopment, transforming it into a vibrant mixed-use destination featuring multifamily, office, retail, and entertainment. Additionally, a $32 million bond project has been approved to fund critical infrastructure improvements at the current mall site, paving the way for this exciting transformation. The Dallas-Fort Worth metroplex had the largest population growth in the United States in 2023. Within five miles of the site, the average household income is $116,639, reflecting a strong consumer base. The property is operated by Apple Texas Restaurants, which operates over 80 Applebee’s locations and is a subsidiary of SSCP Management, a multi-brand operator with over 500 units, including CiCi’s Pizza, Corner Bakery, Roy’s Fine Dining, and Sonic. The property size is 5,911 square feet.
Key Highlights
- Absolute NNN lease with over 7 years remaining
- Prime signalized corner location with high visibility off E Round Rd (40K vehicles per day), near I‑35
- Strong franchisee, Apple Texas Restaurants, operating over 80 Applebee’s locations
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.6k | $24.12 |
| − Vacancy | −$6.8k | −$1.16 |
| EGI | $135.7k | $22.96 |
| − OpEx | −$33.9k | −$5.74 |
| NOI | $101.8k | $17.22 |
5,911 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M
NOI $101,797 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $95,011 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,949 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
444k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 29%
Apparel 19%
Groceries 7%
Hobby Lobby
Shops & Services
38,249 visits/mo
0.2 miles
Burlington
Apparel
37,959 visits/mo
0.3 miles
Total Wine & More
Groceries
33,148 visits/mo
0.3 miles
Dollar Tree
Shops & Services
32,820 visits/mo
0.2 miles
Ross Dress for Less
Apparel
29,381 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - NNN leased restaurant with strong franchisee and redevelopment potential.
Where is this conventional restaurant located?
The property is located at 543 E FM 3040 Lewisville, TX.
What is the asking price?
The asking price for this property is $3,415,886.
What are key features of this property?
This property features: Absolute NNN lease with over 7 years remaining; Prime signalized corner location with high visibility off E Round Rd (40K vehicles per day), near I‑35; Strong franchisee, Apple Texas Restaurants, operating over 80 Applebee’s locations
