4440 State Highway 121 Lewisville, TX 75056
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.
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Solomon & Co | Diamonds and Gold (Bike/Boat/Book/etc) Store
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Mochinut Lewisville × Insphoto 4Cuts Selfie Photobooth (on TX-121) Bakery Discount Store
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Salon Bellus Hair Salon Nail Salon
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The London Baker Bakery Specialty Food Shop
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Valor at The Realm Apartment Rental Agency Apartment Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.