308 N Fannin St - Restaurant FOR SALE


Rockwall, TX 75087- Downtown Rockwall
$2,498,000 USD
214-675-3665
308 N Fannin St, Rockwall, TX for Sale
$2,498,000 USD
Restaurant - FOR SALE
1/12
null | 7% Cap Rate

308 N Fannin St
Rockwall, TX 75087
Downtown Rockwall


HIGHLIGHTS

  • Absolute NNN lease backed by an established local restaurant operator with significant capital invested into the property's initial redevelopment.
  • Premier Downtown Rockwall location with exceptional visibility and accessibility just off State Highway 66 (38,419 VPD) and State Highway 205 (20,394
  • One of North Texas' fastest-growing counties – Rockwall County has grown more than 30% since 2020 and boasts an average HH income over $142,000
  • Benefiting from the I-30 expansion and Lake Ray Hubbard bridge improvements, enhancing regional accessibility and supporting continued residential and

OVERVIEW

DUWEST Investment Sales is pleased to exclusively offer for sale Wade's Landing, a premierdining destination located at 308 N. Fannin Street in the heart of historic Downtown Rockwall,Texas. The 4,330 SF restaurant sits on approximately 1.05 acres and features an invitingcombination of indoor dining, expansive outdoor patio seating, and a vibrant atmosphere that hasquickly established it as one of Rockwall's favorite local restaurants since opening in 2024. TheProperty is offered on a NNN lease guaranteed by MSMC Group, LLC, a proven local restaurantoperator that invested approximately $800,000 into the 2024 remodel. Ideally positioned just off State Highway 66 (38,419 VPD) and State Highway 205 (20,394 VPD),the property benefits from outstanding accessibility and visibility while remaining just minutesfrom the Harbor District and the shores of Lake Ray Hubbard. The surrounding area has evolvedinto one of the DFW Metroplex's premier dining and entertainment destinations, attractingaffluent residents, professionals, lake visitors, and regional tourism. Rockwall is consistently recognized as one of the fastest-growing and most affluent communitiesin Texas. Since 2020, Rockwall County has grown approximately 30% to more than 140,000residents, while maintaining one of the highest average household incomes in Texas at nearly$142,000 — demographics that continue to drive retail sales, restaurant demand, andcommercial investment. TxDOT's transformative Interstate 30 expansion will further improveregional mobility between Rockwall and the Dallas employment centers.

FOR SALE DETAILS

PRICE

$2,498,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

GR

APN/PARCEL ID

16777,69851

ASK ABOUT THIS PROPERTY

Will WaltersDUWESTMore Info
214-675-3665

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Will WaltersDUWESTMore Info
214-675-3665

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