Poag Development Group Leases 8,765 SF Retail Space In Highland Village To Multiple Tenants
1701 Shoal Creek
Building Size
8,765 SF
Asset Type
Retail
Closing
Feb 25, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 1701 Shoal Creek in the Highland Village market. The asset encompasses a total of 8,765 square feet and is under the management of Poag Development Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1701 Shoal Creek
- Market: Highland Village
- Landlord: Josh Poag - Poag Development Group
- Tenants: Aspen Gift House, Woof Gang Bakery & Grooming, Drybar & iCRYO
- Broker: JLL
The transaction involved Josh Poag as the landlord, who successfully secured four new tenants for the retail space, all of whom are expected to open in the upcoming spring season. JLL represented the landlord in this leasing deal.
On the Map
Retail
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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