1230 FM407
Lewisville, TX
Price:
$4508000
Cap Rate:
6.25%
NOI:
$281,747
Building Size:
Approx. 14281 Sq. Ft.
Lot Size:
Approx. 1.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2015
Investment Overview
- 2015 Construction. 14,281+/- SF Building on 1.98+/- Acre Site
- 15-Year Absolute Corporate NNN Lease began February 2015
- Located along FM 407 (38,000 VPD), just E of I-35 (145,000 VPD)
- Near Walmart, Kroger, Tom Thumb, Kohl’s, Lowe’s, Home Depot
- 14-Miles S of UNT (37,973 Enrollment) | 25-Miles N of Downtown Dallas
- Local Attractions: Lewisville Lake | Vista Ridge Mall | The Star in Frisco
- 3-Mile Radius: 2016 Estimated Pop: 76,227 l 3-Mile Avg. HH Income: $96,581
- Dallas – Fort Worth – Arlington MSA: 4th Largest MSA in the US | Pop: 6,526,548