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310 East Round Grove Road, ...

Empire Finance Leases Retail Space At 310 Round Grove Road In Lewisville
LEASEDRetail

Empire Finance Leases Retail Space At 310 Round Grove Road In Lewisville

310 East Round Grove Road, Lewisville, TX, USA

Building Size

13,850 SF

Asset Type

Retail

Closing

Nov 17, 2020

AI

The retail property located at 310 Round Grove Road in Lewisville has recently been leased. The transaction took place on November 18, 2020. The property is owned by Lee Tide Investments LLC.

Summary of transaction details:

The leasing of the property was facilitated by Stephen Coffey from Grey Hawk Advisors, who represented the tenant, Empire Finance. On the landlord's side, Nick Miller and Dan Looney, both from Bright Realty, acted as the representatives.

Players

Stephen Coffey

Broker

1 deal

Broker
IL
Investments LLCLandlord

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