The Shoppes at Lakeview

  • $5,026,000

Overview

  • Five Guys, Grain & Berry, AFC Urgent Care
    Tenant(s)
  • $5,026,000
    Price
  • 6.00%
    CAP Rate
  • $301,560
    Net Operating Income (NOI)
  • 10 Years
    Lease Term
  • Abs. NNN
    Lease Type
  • Summer 2024
    Rent Commencement
  • Summer 2034
    Lease Expiration
  • 7,380
    Building Size (SF)
  • 2024
    Year Built
  • 0.99
    Land Size (AC)
  • Corporate
    Guaranty
  • Roof & Structure
    Landlord Responsibilities
  • 4724 Lakeview Pkwy, Rowlett, TX 75088
    Address

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

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