LEWISVILLE - The 74,000-sf Toyota of Lewisville at 1547 S. Stemmons Fwy. has been purchased by WP Carey, through its CPA17-Global REIT via a $15 million sale-leaseback transaction. The facility was sold by Rene Isip and John Eagle and is being leased back to RML Automotive on a triple-net basis for a 16-year term.
None of the nine other dealerships owned by Isip and Eagle are for sale. Rather, the owners plan on adding to their auto holdings in future years. The John Eagle Automotive Group, for example, will open Honda of Rockwall in September.
Read more at GlobeSt.com.
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