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
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