Shadow Anchored by Kohls & Home Depot 819 E Interstate 30 10,250 SF 100% Leased Retail Building Rockwall, TX 75087 $9,573,474 CAD ($934.00 CAD/SF) 6.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Significant Term Remaining | National Tenants | Scheduled Options
- Shadow Anchor By Kohl’s/Home Depot | Nearby Shopping Centers |Primary Retail Corridor | Close to Rockwall High School
- Located Along Interstate 30 Frontage Rd | Excellent I-30 Visibility |Direct Access to I-30E On Ramp (122,000 VPD)
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,250 SF
Building Class
B
Year Built
2018
Price
$9,573,474 CAD
Price Per SF
$934.00 CAD
Cap Rate
6.32%
NOI
$605,264 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.61 AC
Zoning
Commercial (C) District
Parking
94 Spaces (9.17 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 50235 | Improvements Assessment | $2,500,503 CAD |
| Land Assessment | $1,724,749 CAD | Total Assessment | $4,225,252 CAD |
