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The Shops West, 2520 King A...

Hills Café Signs 10-Year Lease For 2,810 SF Retail Space In Lewisville
LEASEDRetail

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

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.

Players

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker
BR
Bright RealtyLandlord

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