214-676-6424
201 Laurence Dr, Heath, TX for Sale
Office - FOR SALE
1/4
null | 7% Cap Rate

201 Laurence Dr
Heath, TX 75032


HIGHLIGHTS

  • Fully leased retail building with strong investment fundamentals.
  • Prime corner location at a signalized intersection with excellent visibility.
  • Positioned within a high-growth retail corridor in Heath.
  • Across from Heath City Hall and Amy Parks Elementary, ensuring consistent local traffic.
  • Adjacent to Tom Thumb and major fitness and dining establishments, creating strong co-tenancy.
  • Surrounded by popular retailers and restaurants including Anytime Fitness, Hotworx, UPS Store, and Marco’s Pizza.

OVERVIEW

Laurence Crossing is a 100% leased neighborhood retail center strategically located at the signalized intersection of Laurence Drive and Smirl Drive in the heart of Heath, Texas. Positioned directly across from Heath City Hall and Amy Parks Elementary, the property benefits from strong daily traffic, consistent consumer activity, and excellent visibility. The center consists of 7,346 square feet of gross leasable area, constructed in 2001, and is supported by a stable tenant mix serving the surrounding affluent residential community. Nearby retailers include Tom Thumb, Anytime Fitness, Hotworx, The UPS Store, Vitality Bowls, Marco’s Pizza, Manny’s Tex-Mex, Gianni’s Italian Bistro, and other established neighborhood favorites. Laurence Crossing offers investors an opportunity to acquire a fully stabilized asset with a proforma NOI of $125,000 and pricing guidance at a 7% cap rate. Traffic counts exceed 19,000 vehicles per day on Laurence Drive, with additional exposure from FM 549. The surrounding trade area features strong demographics, with average household incomes exceeding $217,000 within one mile and steady population growth projections through 2030. Rent roll and financials are available upon request with an executed confidentiality agreement.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurence Crossing Retail/Office Center

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

Com

APN/PARCEL ID

54176

ASK ABOUT THIS PROPERTY

David EnglishRidge Pointe Commercial Real EstateMore Info
214-676-6424

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David EnglishRidge Pointe Commercial Real EstateMore Info
214-676-6424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.