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2325 South Stemmons Freeway

BT Dealz Leases 15,477 SF Retail Space In Lewisville With WEITZMAN And Swearingen Realty Group
LEASEDRetail

BT Dealz Leases 15,477 SF Retail Space In Lewisville With WEITZMAN And Swearingen Realty Group

2325 South Stemmons Freeway

Building Size

15,477 SF

Asset Type

Retail

Closing

Mar 5, 2024

AI

Located at 2325 South Stemmons Freeway in Lewisville, a 15,477-square-foot retail space was leased to BT Dealz, a liquidated consumer products retailer. This marks the first brick-and-mortar store for BT Dealz, positioning them alongside Marshalls, Old Navy, Five Below, and PetSmart in the area.

Summary of transaction details:

The negotiation of the lease was orchestrated by David Zoller from Weitzman representing the landlord and Al Paniagua from Swearingen Realty Group representing BT Dealz. This lease agreement brings BT Dealz into the retail space alongside several well-known brands, enhancing the retail landscape in Lewisville.

Players

David Zoller

Weitzman⁠

Broker

6 deals

Broker

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