QuikTrip (Signalized Hard Corner | 87,859 VPD)

QuikTrip (Signalized Hard Corner | 87,859 VPD)

Lewisville, TX

Lewisville, TX

QuikTrip (Signalized Hard Corner | 87,859 VPD)

Offered for sale is an Absolute Net leased QuikTrip in Lewisville, Texas, situated on a 1.76-acre signalized hard corner at the intersection of E Main Street and E Highway 121 Business, with a combined traffic count of more than 87,000 vehicles per day. The corporate-guaranteed lease has 10.3 years remaining and features scheduled rent increases every five years, with the tenant responsible for all roof, structure, taxes, and insurance obligations. The property is surrounded by more than 1,300 new multifamily units built since 2021 as part of the City of Lewisville's Old Town Master Plan revitalization effort. Located within a dense five-mile trade area, the property is supported by 218,193 residents, a daytime population of 194,288, and an average household income of $134,857.

Price $3,363,000
Cap Rate 4.75%
Building Size 4,847 sqft
Lot Size 1.76 acres
Year Built 2010
Offering Memorandum

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease With 10.3 Years Remaining
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)
  • Signalized Hard Corner at E Main St & E Hwy 121 | 44,387 & 43,472 VPD
  • Surrounded by 1,300+ New Multifamily Units Built Since 2021
  • Dense 5-Mile Trade Area | 218,193 Residents and $134,857 Average Household Income
  • Dallas-Fort Worth Metroplex | 8.2 Million Residents

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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