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500 East Round Grove Road

Planet Fitness Leases Retail Space In Lewisville, TX With Brokers Oliver Willman & Baylor Worman - Matthews Real Estate Investment Services
LEASEDRetail

Planet Fitness Leases Retail Space In Lewisville, TX With Brokers Oliver Willman & Baylor Worman - Matthews Real Estate Investment Services

500 East Round Grove Road

Building Size

20,105 SF

Asset Type

Retail

Closing

Sep 27, 2023

AI

A retail property located at 500 E Round Grove Rd. Suite 201-203 in Lewisville, TX has been leased. The property has a total size of 20,105 square feet and belongs to Bryan Ly, the landlord. The tenant who will occupy the space is Planet Fitness. The lease transaction was facilitated by Oliver Willman and Baylor Worman from Matthews Real Estate Investment Services.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 500 E Round Grove Rd. Suite 201-203, Lewisville, TX
  • Market: Lewisville, TX
  • Landlord: Bryan Ly
  • Tenant: Planet Fitness
  • Brokers: Oliver Willman and Baylor Worman - Matthews Real Estate Investment Services

The lease transaction of the retail property at 500 E Round Grove Rd. Suite 201-203 was overseen by Oliver Willman and Baylor Worman from Matthews Real Estate Investment Services. They acted as the brokers representing both parties involved in the deal, facilitating the lease agreement between the landlord, Bryan Ly, and the tenant, Planet Fitness.

Players

Oliver Willman

Matthews

Broker

1 deal

Broker
PF
Planet FitnessTenant

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