615-651 White Hills Drive dr - Retail FOR SALE


Rockwall, TX 75087
$4,177,000 USD
214-960-2835
615-651 White Hills Drive dr, Rockwall, TX for Sale
$4,177,000 USD
Retail - FOR SALE
1/5
null | 6.5% Cap Rate

615-651 White Hills Drive dr
Rockwall, TX 75087


HIGHLIGHTS

  • Average Rents of $25 PSF NNN; 3/5 Tenants Have Remaining Escalations
  • Cay Toys Has Been a Tenant at the Property Since 2000 & Recently Executed Renewal Through February 2030; Two, 5-Year Options at FMV
  • 2 Million+ Square Feet of Retail GLA in a 1.5 Mile Radius Traffic Counts Exceed 116,100 VPD on Interstate 30
  • Large Pylon Sign Fronting Interstate 30
  • Highly Visible Interstate 30 Frontage location with Two Primary Access Points on the North and South sides of Shafer Plaza,
  • Minutes from Rockwall High School with 2,900+ Enrollment

OVERVIEW

- 100% Leased 10,864 SF, Retail Center Shadow-Anchored to Walmart in Rockwall, TX | Avg Rent $25 PSF NNN | Amaya's Taqueria on Drive-Thru End Cap | Interstate 30 Frontage - Complimentary Tenant Mix with Amaya’s Taqueria (Drive-Thru End Cap), Lone Star Vapor Shop, Rockwall Cell Phone Repair, Kumon, and Car Toys - Less than 30 Minutes East of Downtown Dallas | Average HH Incomes Exceed $113,600 and $136,400 within a 1 & 3-mile Radii, Respectively - Rockwall County Ranks Among the Fastest-Growing Counties in the U.S. (~4%+ annual Population Growth based on Latest Census Estimates) - Proximity to Major New Development: Located just 7 minutes from Lake Ray Hubbard, the $1B Sapphire Bay mixed-use development—an upcoming premier waterfront destination—driving long-term traffic, visibility, and demand.

FOR SALE DETAILS

PRICE

$4,177,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shafer Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

64766

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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