101 Castle Hl Dr Lewisville, TX 75056

Property Details for 101 Castle Hl Dr

Year built

2023

Lot size

2.33 lot acres

Property size

14,538 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 14,538 square foot shopping center in Lewisville, Texas, presents a compelling investment opportunity. Boasting a 6.18% cap rate and a strong $593,710 NOI, the property is 100% occupied with long-term NNN leases featuring rental escalations. Built in 2023, this Class "A" retail center features two retail strips, both equipped with drive-thru end caps, and benefits from a prime location within the 324-acre Realm at Castle Hills master-planned community. The property enjoys exceptional visibility, fronting Highway 121, a major artery in North DFW, with exposure to over 200,000 vehicles daily. The surrounding area boasts impressive demographics, including an average household income of $147,000 within a one-mile radius—double the national average. The center's tenant mix includes a complementary selection of national, regional, and local retailers. Its adjacency to the $1.5 billion Grandscape mixed-use project, featuring high-end hotels, offices, apartments, and retail (including a 560,000 square foot Nebraska Furniture Mart), further enhances its value and potential. The 2.329-acre lot is situated in Denton County, Texas, with the address being 101 Castle Hills Dr, Lewisville, TX 75056. The asking price is $9,600,000. This property offers a rare combination of strong performance, prime location, and significant growth potential.

Location Insight

City

Lewisville

County

Denton

State

Texas

Longitude

-96.9002

Latitude

33.0592