2455 Ridge Rd - Retail FOR SALE
Rockwall, TX 75087 |
2455 Ridge Rd
Rockwall, TX 75087
HIGHLIGHTS
- Texas is an Income Tax Free State
- Strong Mix of National, Regional and Local Tenants Including: Children's Health, Geico Insurance, The House of Gyros, Papa Murphy’s, Wing Stop
- 11% of Leases are Gross Leases Allowing a New Buyer Ability to Convert to Gross NNN Leases in the next 18 months
- Existing Tenants are Paying Below Market Rents at an Average of $22 PSF - Market Rental Rate is at $26.65 PSF with a 1.7% Vacancy Rate
- Property Consists of Two Buildings, Offering the Opportunity to Convert the Front Building to Single Tenant or Sell as Outparcel
- 22 Tenants Can Provide For a Diversified Mix of Rental Increases/More Stability
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Ridge Road Towne Center | Rockwall TX
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Day Care Center, Drug Store, Fast Food
TOTAL BUILDING SIZE
47428
STORIES
2
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
122
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
58145
