905 State Hwy 78 Lavon, TX 75166-1287

Property Details for 905 State Hwy 78

Year built

2022

Lot size

1.52 lot acres

Property size

14,921 SF

Zone code

PD

Property type

Commercial real estate

APN

R-12911-001-0010-1

APU

R1291100100101

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.

Location Insight

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

Property Tax & Assessments