Property summary
This exceptional 34,085-square-foot shopping center in Lewisville, Texas, presents a compelling investment opportunity. Boasting a 6.50% cap rate and a 100% occupancy rate, this Class A property generates a strong net operating income (NOI) of $1,180,499. Built in 2021, the center features a diverse mix of national, regional, and local tenants under long-term NNN leases. Situated on 5.7 acres at 4440 State Hwy 121, this prime location benefits from high visibility to over 147,000 vehicles daily. The property is part of The Realm at Castle Hills, a thriving 324-acre master-planned community, and enjoys proximity to Grandscape, a major mixed-use development. The strong demographics, with an average household income exceeding $147,000 within a one-mile radius, further enhance the investment potential. The center's first-floor retail space is ideally positioned below 260 high-end multi-family units, creating excellent synergy and walkability. The asking price is $18,165,000, translating to $532.93 per square foot. This is a rare opportunity to acquire a high-performing, well-located retail asset in a rapidly growing area of North DFW, surrounded by major retailers including Walmart, Target, Kroger, and many more. The property is offered as a condominium interest.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Bakery Discount Store
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Hair Salon Nail Salon
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Bakery Specialty Food Shop
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Apartment Complex Apartment Building
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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