9400 Lakeview Pky - Storefront FOR SALE


Rowlett, TX 75088- Rowlett Lakeview
$7,700,000 USD
214-674-8126
9400 Lakeview Pky, Rowlett, TX for Sale
$7,700,000 USD
Storefront - FOR SALE
1/4
null | 6.92% Cap Rate

9400 Lakeview Pky
Rowlett, TX 75088
Rowlett Lakeview


OVERVIEW

100% Occupied with Below Market Triple Net Leases – Current property rents average $18.95 which is more than 25% lower than the average retail market rent of $25.50 (Source: Costar Analytics) Explosive Population Growth – The Rockwall, TX population grew at an annual rate of 6.5% in 2023, 1300% faster than the U.S. growth rate of 0.50% (Source: US Census) Across from Tom Thumb & Walmart Neighborhood Market Drawing 1.69 Million Annual Visits (Source: Placer.ai) Adjacent to Baylor Scott & White Lake Pointe Medical Center – This148-bed acute care hospital has more than 500 physicians on staff and draws significant traffic to the site Densely Developed Residential Market with Ideal Consumer Demographics – There are over 284,026 residents within a 7-mile radius of the property with an average household income of $138,054

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scenic Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

CROSS STREETS

Rd

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

PD

APN/PARCEL ID

29824

ASK ABOUT THIS PROPERTY

214-674-8126

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214-674-8126

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