Aura Main Street
400 West Main Street, Lewisville, TX, 75057, US
325 units
Description
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Retreat at Wylie, a premier 55+ Active Adult Community (the “Property”). Positioned in Wylie, Texas, and built in 2016, the Property boasts top quality interior finishes and a chic collection of active adult tailored amenities. Retreat at Wylie benefits from a prime location situated two miles from SH-67 and less than five miles from President George Bush Turnpike, offering residents easy access to a wide variety of shopping, dining, and entertainment options and the greater DFW Metro. In addition, the Retreat at Wylie offers buyers the opportunity to acquire an asset that operates efficiently – current occupancy is 94% with little-to-no bad debt and an 80% resident retention ratio.
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Attributes
Number of units
320
Building area net
27,898 m²
Occupancy
94%
Year built
2016
Land area gross
5.31 ha
Building class
A
Media
Investment Highlights
- 94% occupancy ensures stable cash flow from current tenant base.
- Recent 2016 construction, reducing near-term capital expenditures.
- A premier 55+ Active Adult Community located in Wylie, TX
- Total 320 units, maximizing rental yield per square foot.
- Above-market rent with potential for further rental increases.
- Spans 13.13 acres, offering opportunity for future expansion.
- Strategic location offers strong demographic growth potential.
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