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:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: BT Dealz
- Landlord's Rep: David Zoller - Weitzman
- Tenant's Rep: Al Paniagua - Swearingen Realty Group
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
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