The Shoppes at Lakeview
- $5,026,000
Overview
- Five Guys, Grain & Berry, AFC Urgent Care
- $5,026,000
- 6.00%
- 10 Years
- Abs. NNN
- Summer 2024
- Summer 2034
- 7,380
- 2024
- 0.99
- Corporate
- Roof & Structure
- 4724 Lakeview Pkwy, Rowlett, TX 75088
Description
About Property
STONECLIFF is pleased to present the exclusive listing for a The Shoppes at Lakeview located at 4724 Lakeview Pkwy, Rowlett, TX 75088. The site consists of roughly 7,380 rentable square feet of retail space on an estimated 0.99-acre parcel of land. Multi-tenant development is subject to a 10-year Absolute Triple Net (NNN) Lease with 8+ Years Remaining. The annual rent is $301,560 with scheduled 10% rental increase Every 5 Years.
Investment Highlights
- Affluent & Growing Trade Area: Over 68,700 residents within 3 miles earn an average household income of ~$136,000. Rowlett’s population has grown nearly 13% since 2020, now approaching 71,000 citywide at ~1.93% annual growth, fueled by strong suburban demand within the Dallas–Fort Worth MSA.
- Premier Retail Corridor with National Co-Tenancy:Hwy 66/Lakeview Parkway is Rowlett’s primary east-west commercial artery, carrying up to ~40,969 vehicles per day and lined with dominant national tenants including Walmart Supercenter, The Home Depot, Target, Ross, LA Fitness, Walgreens, and CVS.
- Deep 5-Mile Consumer Base:More than 198,000 residents within 5 miles, with an average household income exceeding $120,000 and a citywide median of $112,000 — reflecting a financially resilient customer base with strong spending power.
- Improving Regional Connectivity: TxDOT’s active widening of I-30 at the Lake Ray Hubbard crossing — expanding to eight mainlanes with new frontage roads — enhances regional accessibility, while the site’s location within 20 miles of downtown Dallas supports long-term rent growth and occupancy stability.
Property Documents
Shoppes at Lakeview_TX_Rowlett