Updated Oct 29, 2024
Hills Café Signs 10-Year Lease For 2,810 SF Retail Space In Lewisville
The Shops West, 2520 King Arthur Blvd #109, Lewisville, Tx 75056, Estados Unidos
Building Size
28,100 SF
Asset Type
Retail
Closing
Sep 22, 2020
About this deal
AI
2520 King Arthur Blvd Suite 109, a retail property in Lewisville, was recently leased. The property spans 2,810 square feet and features an image by Dan Looney & Nick Miller. The lease agreement between the tenant, Hills Café, and the landlord, Bright Realty, was finalized on 09/23/2020. Hunt Kim & James Lee from JLB R&I represented the tenant, while Dan Looney & Nick Miller from Bright Realty represented the landlord. The lease is set for a duration of 10 years.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 09/23/2020
- Address: 2520 King Arthur Blvd Suite 109
- Market: Lewisville
- Tenant: Hills Café
- Landlord: Bright Realty
- Square Footage: 2,810
- Tenant's Representative: Hunt Kim & James Lee - JLB R&I
- Landlord's Representative: Dan Looney & Nick Miller - Bright Realty
- Note: 10-year lease
Dan Looney & Nick Miller from Bright Realty played a dual role in this transaction, representing the landlord while also contributing the property image. Additionally, Hunt Kim & James Lee from JLB R&I facilitated the deal as the tenant's representatives. These individuals and companies were key players in securing the 10-year lease agreement between Hills Café and Bright Realty for the retail property located at 2520 King Arthur Blvd Suite 109 in Lewisville.
On the Map
Retail
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Players
Lewisville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93