960 State Hwy 121 Lewisville, TX 75057

Listing agency Secure Net Lease - Dallas Show Phone

Listed by Kyle Varni · License #707940 Show Phone

Source Moodyscre

Added: Jun 5 Updated: Jul 20 at 6:53PM Checked: Jul 21 at 5:22AM

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Investment Insights

Based on property information with market context.

A 2022-constructed freestanding gas station sits on a 1.34+/- acre site and includes a 2,824+/- SF building. The property is leased under a 15-year absolute NNN ground lease with rent increases of 10% every 5 years during the primary term, plus four option periods.

The site is located at a high-traffic signalized corner on State Highway 121 in Lewisville. Traffic is reported at 47,452 VPD. Murphy USA is the tenant under the lease, and the property is presented as having strong underlying real estate fundamentals in an established DFW suburb.

Key Highlights

• 2022 construction freestanding gas station with a 2,824+/- SF building on a 1.34+/- acre site
• 15‑year absolute NNN ground lease with 10% rent increases every 5 years in the primary term and 4 option periods
• High‑traffic signalized corner on State Highway 121 with 47,452 VPD

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FAQs

What type of property is this?

NNN property - 2022-built freestanding gas station on a signalized corner with a 15-year absolute NNN ground lease.

Where is this nnn property located?

The property is located at 960 State Hwy 121 Lewisville, TX.

What is the asking price?

The asking price for this property is $3,190,000.

What are key features of this property?

This property features: 2022 construction freestanding gas station with a 2,824+/- SF building on a 1.34+/- acre site; 15‑year absolute NNN ground lease with 10% rent increases every 5 years in the primary term and 4 option periods; High‑traffic signalized corner on State Highway 121 with 47,452 VPD