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724 West Main Street

Stonehenge Properties Acquires Valley Square Shopping Center In Lewisville With DuWest Realty As Buyer's Rep
SOLDRetail

Stonehenge Properties Acquires Valley Square Shopping Center In Lewisville With DuWest Realty As Buyer's Rep

724 West Main Street

Building Size

47,857 SF

Asset Type

Retail

Closing

Nov 12, 2024

AI

The property asset involved in this transaction is a retail center named Valley Square, located at 724 West Main Street in Lewisville, Texas. It encompasses a total square footage of 47,857 and is currently 100% leased with twenty-one existing tenants. The center benefits from being shadow-anchored by a newly opened Fiesta Mart, which enhances its market presence. The sale was executed on November 12, 2024.

Summary of transaction details:

DuWest Realty and Disney Investment Group brokered the sale of the Valley Square shopping center. Additionally, DuWest Realty previously represented the same buyer, Stonehenge Properties, in the acquisition of the Fiesta Mart in a separate transaction, highlighting their ongoing involvement in the retail market in Lewisville.

Players

David Disney

Disney Investment Group

Broker

$82.2M

vol

13 deals

Broker

Lewisville Retail Market Snapshot

Boundary boundary · Retail · Sale 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