Investment Overview

Heath Town Center is a 100 percent occupied, 13,927-square-foot, grocery shadow-anchored retail center located in Heath, Texas. Tenants are a complementary mix of internet-resistant retailers and restaurants, including Blue Koi Sushi, Donut Supreme, CommunityMed Urgent Care, Heath Boba Tea, MyFitMed, and Wings Over Heath. All leases are triple-net, and many include scheduled rent escalations during the primary term, as well as options for renewal at fair market value. Blue Koi Sushi and Wings Over Heath have areas for outdoor dining. The building is new 2023 construction featuring an attractive architectural design with metal awnings and a metal roof covering the Wings Over Heath patio. Heath Town Center is located at the signalized intersection of Laurence Drive and South FM 549. The property benefits from ingress and egress points from both roads, and cumulative traffic counts exceed 18,900 vehicles per day. The center is a pad site to a top-performing Tom Thumb grocery store, ranking in the 88th percentile based on annual visitors to all Tom Thumb stores in the state of Texas. Neighboring national and regional retailers include The UPS Store, Shell, Anytime Fitness, HOTWORX, and American National Bank of Texas. Rockwall-Heath High School, with a current enrollment of approximately 2,912 students, is located directly north of the center driving additional traffic to the area. The surrounding area is experiencing high growth and benefits from strong demographics. The average household income within a one-mile radius is $205,179; $154,008 within a three-mile radius; and $121,502 within a five-mile radius.