Retail•Restaurant•For Sale or Lease

2nd Generation Restaurant

201 W Church St, Lewisville, Texas 75057

Sale Price Market
Lease Rate $29.00 /SqFt NNN
Year Built 2016
Gross Bldg 6,473 SqFt
Land Area .61 Acres
Prohibition Chicken is a 6,473 square foot single tenant asset with approximately 1,450 square feet of patio space located in the exciting Old Town Development in Lewisville, Texas. Built in 2016, the Property is positioned on 26,659 square feet of land at the signalized hard corner of Church and Charles Streets within walking distance to approximately 920 planned or under development residential units, Lewisville’s City Hall, Medical City Lewisville Grand Theater and Wayne Ferguson Plaza. The Property also benefits from adjacency to Twisted Root Burger Co. In 2019, the city has committed $8.9 million to the Main Street, Mill Street and Charles Street Paving, Draining, Landscape and Signalization Improvements project. The project will add bike lanes, street parking, sidewalks and other pedestrian-friendly improvements, such as benches and street lighting. Additionally, Lewisville’s marketing budget for Old Town totaled $375,000 and $273,000 in 2018 and 2019, respectively. Wayne Ferguson Old Town Plaza, a 1.5-acre public park and community gather place, is caddy corner across the street from Prohibition Chicken and hosts numerous events throughout the year, such as Western Days, St. Paddy’s Texas Style and Color Palooza. Medical City Lewisville, licensed to accommodate 186 patients, is moments west of Prohibition Chicken and employs more than 360 physicians and 800 healthcare associates. The Old Town Lewisville area is the 330-acre cultural and economic center of the community. The historic downtown is bounded by I-35E to the west, College Street to the north, Railroad Street to the east and Purnell Street to the south. The development is strategically located less than 13 miles from Dallas-Fort Worth International Airport and less than 22 miles from Dallas Love Field Airport. Lewisville’s 2025 master plan for Old Town encompasses an area of approximately 30 blocks and identifies 1,700 new mixed-income housing units, 150,000 square feet of retail space in the new town center and 150,000 square feet of office space. The Wayne Ferguson Plaza is a 1.5-acre urban park built in the heart of Lewisville’s Old Town and hosts numerous events throughout the year. The park is adjacent to the historic Main Street commercial district, MCL Grand Theater and Lewisville’s City Hall. The Old Town area hosts events such as Western Days, Color Palooza, Best Little Brewfest in Texas and Sounds of Lewisville. The City of Lewisville has shown commitment to the continued development of Old Town by adding public facilities, parks and open spaces and pedestrian access improvements, as well as more shopping and dining options. In 2019, the city has committed $8.9 million to the Main Street, Mill Street and Charles Street Paving, Draining, Landscape and Signalization Improvements project. The project will add bike lanes, street parking, sidewalks and other pedestrian-friendly improvements, such as benches and street lighting. Additionally, Lewisville’s marketing budget for Old Town totaled $375,000 and $273,000 in 2018 and 2019, respectively. Lewisville has experienced compelling growth in recent years due to its superior access and infrastructure, low tax environment and quality workforce. Favorable demographics surround the Property in which the average household income within a 5 mile radius exceeds $101,100. More than 196,900 people live within a 5 mile radius. Between 2000 and 2017, Lewisville’s population grew by more than 36%. Additionally, there are over 73,200 homes within a 5 mile radius. Between 2003 and 2017, property values in Old Town increased by over 128% due to overwhelming public and private investment (City of Lewisville).
  • Single Tenant Asset Constructed in 2016 at Signalized Hard Corner in the Dynamic Old Town Lewisville
  • City of Lewisville Committed to Investing $8.9 Million into Improving Walkability of Old Town in 2019
  • 920+ Residential Units Planned or Under Construction in Greater Old Town Lewisville
  • Within Walking Distance to Numerous Shopping/Dining Options, Lewisville’s City Hall, Medical City Lewisville Grand Theater & Wayne Ferguson Plaza
  • Moments from Medical City Lewisville with 186 Patient Capacity & 1,160+ Employees
  • Tenant still operating in space but restaurant can be delivered vacant
  • Tenant still operating in space but restaurant will be delivered vacant

1 Spaces

6,473 SqFt
$29.00 NNN
9/11/2019 5:09:06 PM 9/11/2019 6:41:23 PM

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