905 State Hwy 78, Lavon, TX 75166-1287
- Commercial real estate
- 14,921 SF
- 1.52 lot acres
Current Use by Public Records
- Dunkin' / Cafe & Coffee Shop
- The Nail Lounge Spa Lavon / Nail Salon
- Simply Smiles / Dental Office
Property Details for 905 State Hwy 78
- Year built
- 2022
- Lot size
- 1.52 lot acres
- Zone code
- PD
- Property type
- Commercial real estate
- APN
- R-12911-001-0010-1
- APU
- R1291100100101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 2, 2025 | — | Cc Ark Ix LLC | Victory Shops At Seventy8 LLC | Special Warranty Deed | — |
Description
This exceptional 14,938-square-foot shopping center in Lavon, Texas, presents a compelling investment opportunity. Built in 2022, the property boasts a 6.00% cap rate and a strong NOI of $527,034. The five tenants, including Dunkin' Donuts, Integrity Urgent Care, and others, occupy the entire space under triple-net (NNN) leases with built-in rent escalations, ensuring consistent income growth. Situated on a 1.51-acre lot, the center features an attractive design with metal awnings and ample concrete parking. The Dunkin' location includes a convenient drive-through. Its prime location at the intersection of State Highway 78 and Burleson Drive offers excellent visibility and accessibility, with approximately 30,974 vehicles passing daily. The property benefits from its position at the entrance to the Grand Heritage West residential community (871 single-family lots) and proximity to other established residential areas, contributing to high traffic volume. Nearby amenities include Taco Bell, Sonic, Starbucks, and other national retailers. The area's affluent demographics are highlighted by average household incomes exceeding $118,000 within a one-mile radius, reaching $134,035 within five miles. The property's location in Collin County, one of North Texas' fastest-growing areas, ensures continued growth potential. This stabilized investment offers a rare combination of strong performance, prime location, and significant upside.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,636,000
Market price range: $716k - $1.64M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lavon
- County
- Collin
- State
- Texas
- Longitude
- -96.4541
- Latitude
- 33.023
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
