Rockwall, TX - 3-Tenant Retail

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in a NNN leased, three-tenant retail building investment property located in , Rockwall Texas. The tenants, Jason’s Deli, and Sleep Number have apx. five years remaining on 10 year leases while Stanton Optical has over 6 years remaining on an 11-year lease. All tenants have additional options to extend, demonstrating their commitment to the site. All tenants are well known nationally recognized tenants. The leases are NNN with limited landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The three tenant retail building is strategically located fronting Interstate 30 which is one of the larger commuter and retail thoroughfares averaging 122,000 vehicles passing by daily. Interstate 30 is a major east-west commuter thoroughfare serving the greater Dallas/Forth Worth metropolitan area. The property is directly located off of the I-30 Frontage Road which has 41,900 VPD. The property is an out-parcel at a Kohl’s anchored shopping center and is also shadow anchored by the adjacent Home Depot. Other nearby shopping centers include the Rockwall Market Center, a 211,000 SF center anchored by OfficeMax, PetCo, Ross Dress For Less, Bealls and Michaels. Furthermore, the asset is close to Rockwall Crossing, a 217,000 SF center anchored by TJ Maxx, PetSmart, and Dollar Tree. Also close to the property is The Plaza at Rockwall, a 447,000 SF power center with major tenants including JC Penney, Belk, Dick’s Sporting Goods, Best Buy, Home Goods, Staples, JoAnn Fabric, and ULTA Beauty. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Target, Lowe’s and more. Across Interstate 30 from the property is Rockwall High School with an enrollment of apx. 3,000 students. The 5-mile local trade area is supported by a population of over 98,000 with an affluent average household income of $154,935.