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3-Tenant Retail | National Tenants 819 E Interstate 30

10,250 SF 100% Leased Retail Building Rockwall, TX 75087 $6,980,000 ($681/SF) 6.25% Cap Rate

Investment Highlights

  • Significant Term Remaining | National Tenants | Scheduled Options
  • Shadow Anchor By Kohl’s/Home Depot | Nearby Shopping Centers |Primary Retail Corridor | Close to Rockwall High School
  • Located Along Interstate 30 Frontage Rd | Excellent I-30 Visibility |Direct Access to I-30E On Ramp (122,000 VPD)
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in a NNN leased, three-tenant retail building investment property located in , Rockwall Texas. The tenants, Jason’s Deli, and Sleep Number have apx. five years remaining on 10 year leases while Stanton Optical has over 6 years remaining on an 11-year lease. All tenants have additional options to extend, demonstrating their commitment to the site. All tenants are well known nationally recognized tenants. The leases are NNN with limited landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,250 SF
Building Class
B
Year Built
2018
Price
$6,980,000
Price Per SF
$681
Cap Rate
6.25%
NOI
$436,239
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.61 AC
Zoning
Commercial (C) District
Parking
94 Spaces (9.17 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Restaurant
  • Signage

Nearby Major Retailers

Anytime Fitness
Cotton Patch Café
Jason's Deli
Cracker Barrel Old Country Store
Patriot National Bancorp, Inc.
Taco Bueno
Starbucks
On The Border
Chase Bank
Grandy's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50235
Land Assessment
$1,211,498
Improvements Assessment
$1,756,403
Total Assessment
$2,967,901
  • Listing ID: 33297686

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 819 E Interstate 30, Rockwall, TX 75087

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