Bright Realtys Castle Hills Commons, located at 4920 State Highway 121 in Lewisville, adjacent to Nebraska Furniture Mart, is an ideal investment property with 100 percent of the building fully leased.
The 7,727-square-foot retail site is anchored by a Starbucks that opened October 31, 2016. A Planet Sub, F45 Training and a national dental group will open after the December holidays.
The property is situated in a highly visible location on Sam Rayburn Tollway between Josey Lane and Plano Parkway in Castle Hills master planned community. The five-mile residential population surrounding the center exceeds 231,000 with an average household income of $96,947. Its daytime population exceeds 177,000, boosted by headquarters for Fed Ex, Liberty Mutual, Toyota and more. Traffic exceeds 125,000 cars per day.
The location of the property and nearby retailers make this an excellent investment opportunity, said Britton Lankford, senior vice president. This trade area is a great destination for customers with the number of grocery-anchored developments, national retailers, specialty shops, full and quick service restaurants. With the amount of traffic generated by the increase of daytime population, surrounding residential communities and the 433-acre Grandscape development anchored by Nebraska Furniture Mart, this area will continue to see growth in consumer traffic and spending.
For information on the property, contact Britton Lankford or Timothy McNutt at Bright Realty.
Limited Offering Memorandum