960 State Hwy 121
Lewisville, TX
Price:
$3,190,000
Cap Rate:
5.00%
NOI:
$159,500
Building Size:
Approx. 2,824 Sq. Ft.
Lot Size:
Approx. 1.34 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 2,824+/- SF Building. 1.34+/- Acre Site
- 15-Year Absolute NNN Ground Lease with 10% Rent Increases Every 5 Years in Primary Term & 4 Option Periods
- High-Traffic Signalized Corner Location on State Highway 121 (47,452 VPD)
- Excellent Underlying Real Estate Fundamentals | Large 1.4 Parcel on Signalized Corner of Two Major Thoroughfares in North Dallas
- Lewisville is an Established DFW Suburb | 135,983+ Residents | $89,233+ Median Household Income
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $4.28B in Revenue Across 1,800+ Locations
- Lewisville | Located in the Dallas–Fort Worth Metroplex — 4th Largest MSA in the U.S. | Population: 135,983+