Corporate Village 101 E Corporate Dr
32,177 SF Retail Building Lewisville, TX 75067 $7,500,000 ($233.09/SF) 5.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Pandemic sustained businesses
- The Best Location in Lewisville
- Long term tenants
EXECUTIVE SUMMARY
Sapphire Global Realty Advisors is pleased to present Corporate Village a retail shopping center with 32,177 square feet of retail. The property is located on a busy intersection of State Hwy 121 Business and Corporate Dr, surrounded by residential communities including a high-end mini golf course.
Conveniently located at the West side of IH 35 and few blocks from SRT Turnpike. 15 min from DFW airport and 10 minutes' drive to famous Grapevine Mills Mall, Wold Lodge and Famous Restaurants. An absolute bargain in this fastest growing area of DFW Metroplex.
Conveniently located at the West side of IH 35 and few blocks from SRT Turnpike. 15 min from DFW airport and 10 minutes' drive to famous Grapevine Mills Mall, Wold Lodge and Famous Restaurants. An absolute bargain in this fastest growing area of DFW Metroplex.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
32,177 SF
Building Class
C
Year Built
1985
Price
$7,500,000
Price Per SF
$233.09
Cap Rate
5.80%
NOI
$434,950
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
3.04 AC
Zoning
GB, Lewisville - Two buildings:
Building 1: 20,997 SqFt
Building 2: 11,180 SqFt
Buy as a package of two buildings or one.
Parking
77 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
507’ on E Corporate Dr
AMENITIES
- Dedicated Turn Lane
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R87589 | Total Assessment | $2,575,000 |
| Land Assessment | $1,113,048 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,461,952 | Tax Year | 2024 |
CONTACT
-
Nick Mirza - Nick Mirza
