1900 Lakeview Pky | Rowlett, TX 75088
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1900 Lakeview Pky
Rowlett, TX 75088
QuikTrip · Retail Property For Sale
Investment Highlights
- Absolute Net Lease with 1.8 Years Remaining – 18-Year Operating History
- Prime Location in a Busy Retail Corridor – Across from The Home Depot and Walmart Supercenter
- Signalized Hard Corner Location on Lakeview Parkway and Dexham Road; Combined Traffic Counts Exceed 39,416 Vehicles per Day
- Large 2.09 Acre Parcel with Ample Parking and Multiple Access Points
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Rowlett, TX. The property consists of a 5,016-square-foot, freestanding building that sits on approximately 2.09 acres of land. There are 1.8 years remaining on the lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,935 SF
Building Class
B
Year Built
2006
Price
$2,964,000
Price Per SF
$753
Cap Rate
5.75%
NOI
$170,388
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.09 AC
Zoning
Z94
Parking
30 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 44650000010010000 | Improvements Assessment | $1,074,050 |
| Land Assessment | $697,420 | Total Assessment | $1,771,470 |
PROPERTY TAXES
Parcel Number
44650000010010000
Land Assessment
$697,420
Improvements Assessment
$1,074,050
Total Assessment
$1,771,470
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