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1701 Shoal Creek

Poag Development Group Leases 8,765 SF Retail Space In Highland Village To Multiple Tenants
LEASEDRetail

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

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.

Players

JLL
JLLBrokerage

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