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Lowe's of Royse City 634 W Interstate 30 20,621 SF 4-Star Retail Building Royse City, TX 75189 $7,507,000 ($364.05/SF) 6% Cap Rate
EXECUTIVE SUMMARY
2024 construction, 20,621 square foot retail center shadow-anchored by Walmart and Lowe’s in the affluent high growth DFW submarket of Royse City, Texas. The Property is leased to a relevant mix of restaurant and retail service users with an average base lease term expiration of February 2034. Royse City is among the fastest growing submarkets in DFW with a population growth of over 197% in a 1-mile radius since 2000. Average household incomes exceeds $110,740 and $128,200 in a 1 and 3 mile radii, respectively.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,621 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$7,507,000
Price Per SF
$364.05
Cap Rate
6%
NOI
$450,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
31.80 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 92711 | Improvements Assessment | $0 |
| Land Assessment | $1,584 | Total Assessment | $1,584 |
PROPERTY TAXES
Parcel Number
92711
Land Assessment
$1,584
Improvements Assessment
$0
Total Assessment
$1,584
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Lowe's of Royse City | 634 W Interstate 30
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