Listed by Stonecliff
$5,026,000
Shoppes at Lakeview | Five Guys, AFC, Grain & Berry
Details
APN 440181500A01R0000
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 7,380
Units 1
Cap Rate 6.00%
NOI $301,560
Occupancy 100%
Tenancy Multi
Brand/Tenant Five Guys
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 05/30/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options Two (2), Five (5) Year Options
Price per SqFt $681
Year Built 2024
Stories 2
Acreage 0.990
Tenant Credit Corporate Guarantee
Lease Commencement 05/27/2024
Ground Lease No
TARGET SHADOW-ANCHORED | 48,906 VPD Visibility | $5.026M
Marketing description
- 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.
Listing Contacts
Listed by Stonecliff
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$301,560.00
$25,130.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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