Investment Overview

The subject property is a 6,389-square-foot, multi-tenant retail center located in a high growth area of Rowlett, Texas. Lakeview Plaza is 100 percent leased with a complementary mix of national tenants, including Dunkin' Donuts and CareNow. The end cap suite leased to Dunkin' Donuts features a drive-through window. All leases are triple-net; both Dunkin' and CareNow have corporate guarantees. The building was constructed in 2014 and is situated on a 1.36-acre parcel with a double-sided monument sign positioned near the property entrance. Shadow-anchored by The Home Depot and near Walmart Supercenter, the subject property is strategically located near the signalized intersection of Lakeview Parkway (Highway 66) and Rowlett Road, in close proximity to President George Bush Turnpike. Lakeview Plaza is well positioned with excellent visibility; traffic counts are approximately 42,700 vehicles per day in front of the property. The center is located near many national and regional retailers including Chili's Grill & Bar, Take 5 Oil Change, Whataburger, Little Caesars Pizza, Starbucks, Chick-fil-A, Arby's, Sprouts Farmers Market, Planet Fitness, Smoothie King, Salad and Go, Goody Goody Liquor, Harbor Freight, Target, Ross Dress for Less, and many more. The property benefits from strong demographics, serving a population of more than 245,862 residents within a five-mile radius.. The average household income within a one-mile radius is $103,835; $99,663 within a three-mile radius; and $95,409 within a five-mile radius.