2228205
c2b7e74a-0213-4e00-8b67-935f87331d1f
us/tx/lewisville
Millenium Shopping Centre - Availability Details
721 Hebron Parkway, Lewisville, TX 75067
- For Sale Contact for pricing
- Property Type Retail
- Date Updated Feb 6, 2023
- Website millenium.sharplaunch.com
Avatar Investments has been exclusively retained to present the opportunity to acquire Millenium Shopping Centre (“The Property”), a _16,582_ SF solidified by investment-grade tenants with commercial leases. The property is located at the intersection of I-35E and Sam
Rayburn.
Lewisville, Texas, is a dynamic suburban community in the thriving North Texas region. Home to approximately 127,008 residents. Lewisville is a significant regional employer used by major corporations for both administrative headquarters and warehousing. With its location just
minutes from DFW International Airport, and straddling two major highways, Lewisville is perfectly positioned for easy access to the rest of North Texas and the world.
Major tenants include investment grade tenants like Starbucks, Masi Sushi, The Cash Store and Millenium dry cleaners with at least 5-7 years of terms left and very high potential for renewal
due to location. Refer to complete list in “Shopping_Complex_rent_roll” document.
The acquisition of Millennium shopping Centre offers investors a strong and stable passive income stream with the ability to stretch the yield via incremental rental increases. The location also has an advantage of high growth in property value.
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Location
Getting around
- City Lewisville, TX
- Neighborhood Lakepointe Crossing
- Zip Code 75067
- Market Dallas Fort Worth
Points of Interest
DFW Airport North
7.21 miles
DFW Airport
8.21 miles
DFW Airport Terminal B station
8.30 miles
C2-C19
8.59 miles
B1-B19
8.61 miles
C20-C39
8.83 miles
D23-D40
8.84 miles
Royal Lane
9.20 miles
Irving Convention Center
9.39 miles
Tower 909
9.94 miles
Coppell Market Center
1.98 miles
Wonderland Montessori Academy of Carrollton - Tesla Destination
2.35 miles
eVgo
2.72 miles
Kroger Fuel Center
4.42 miles
Chevron
4.56 miles
OLYMPUS 12
5.00 miles
OLYMPUS 6
5.09 miles
AZ STATION 01 STATION 2
5.21 miles
OLYMPUS 4
5.24 miles
Shell
5.47 miles
Nationstar Mortgage Parking
2.14 miles
Nationstar Mortgage Convergence Parking
2.23 miles
Doggie's Wonderland Parking
3.68 miles
visitor parking
7.39 miles
Terminal A Parking Garage
8.30 miles
Terminal C Parking Garage
8.77 miles
Express South
9.32 miles
JC Penney Parking Garage South
9.49 miles
Parking A
9.62 miles
CoServ
9.95 miles
Open Rice Asian Bistro
0.05 miles
On The Border
0.81 miles
Five Guys
0.89 miles
Cava
3.25 miles
McDonald's
3.47 miles
Steak 'n Shake
5.46 miles
Taco Bell
6.07 miles
Texas Roadhouse
6.15 miles
Urban8 Food Court
6.68 miles
Mesa
7.36 miles
Ross
0.19 miles
Music City Mall Lewisville
0.55 miles
Sprouts Farmers Market
3.13 miles
Kohl's
3.30 miles
Aldi
3.66 miles
ALDI
4.42 miles
Grapevine Mills
5.24 miles
Albertsons
5.30 miles
Ross
5.39 miles
Walmart Neighborhood Market
5.96 miles
Highlights
- Long term leases, Triple net leases
- Located in high growth Texas suburb
- High traffic and central location
- High credit/Corporate backed long term leases
- Up to 12% annual return, 106% total return with appreciation in 5 years