Net-lease investment offering

The Shoppes at Lakeview

4724 Lakeview Pkwy, Rowlett, TX

$5,026,000Asking price
6.00%Capitalization rate
$301,560Net operating income
7.64 YearsWALT
Offering memorandumComplete investment materials
Download OM
Teddy Leonard
Teddy LeonardManaging Principal - Austin
Lic # TX: 631339-B
Bobby Jarosz
Bobby JaroszSenior Associate - Dallas
Lic # TX: 785956-SA
Broker of RecordTeddy LeonardStonecliffTX License No. 631339-B
The Shoppes at Lakeview
Multi-tenant · NNN

Offering Details

Investment Economics
Asking Price$5,026,000
Capitalization Rate6.00%
Net Operating Income$301,560
Lease Profile
WALT BasisBuilding-area weighted; as of October 29, 2026
Rent Increases10% Every Five Years
Lease ExpirationSummer 2034
Rent CommencementSummer 2024
Tenant Count3
Occupancy100%
Roof / StructureRoof & Structure
Landlord ResponsibilitiesRoof & Structure
Tenant StructureMulti-tenant
Lease TypeNNN
GuarantyCorporate
WALT7.64 Years
Renewal OptionsTwo (2), Five (5) Year Options Per Tenant
Property
Property TypeMulti-tenant retail
Building Area7,380 SF
Land Area0.99 Acres
Year Built2024

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 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.

Location & Market

Rowlett, TX · 4724 Lakeview Pkwy, Rowlett, TX

The property is located in Rowlett, TX. The map and market indicators below summarize regional access, demographics, and surrounding demand drivers.

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