Net-lease investment offering

The Shoppes at Lakeview

4724 Lakeview Pkwy, Rowlett, TX, USA

$5,026,000Asking price
6.00%Capitalization rate
$301,560Net operating income
7.93 yearsWALT
Offering memorandumComplete investment materials
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Teddy Leonard
Broker contactsTeddy Leonard
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The Shoppes at Lakeview
Multi-tenant · Absolute NNN

Offering Details

Lease Economics
TenantThe Shoppes at Lakeview
Lease TypeAbsolute Triple Net (NNN)
GuarantyCorporate
Landlord ResponsibilitiesNone
Initial Lease TermAvailable upon request
WALT7.93 years
Rent CommencementAvailable upon request
Lease ExpirationAvailable upon request
Rental Increases10% Every 5 Years
Renewal OptionsAvailable upon request
Real Estate
Building Area7,380 SF
Land Area0.99 acres
Year Built2024
Ownership InterestAvailable upon request
Property TypeMulti-tenant retail
MarketRowlett, TX
Address4724 Lakeview Pkwy, Rowlett, TX, USA

Investment Overview

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.

  1. 01
    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.

  2. 02
    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.

  3. 03
    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.

  4. 04
    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.

Aerial market map for The Shoppes at Lakeview
40,969Vehicles per day
68,700Residents within 3 miles
198,000Residents within 5 miles
$136,000Average household income
71,000Citywide population
20 milesProximity to downtown Dallas supports long-term rent growth and occupancy stability