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NNN-Leased Restaurant Property
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308 N Fannin St, Rockwall, TX 75087

NNN-encumbered restaurant opportunity with 7 years remaining on the lease and annual 3% increases.

Property Size4,330 SF
Days on Market331

Property Features for 308 N Fannin St

General Information

Standard status Active
Size 4,330 SF
Property subtype RETAIL
Listing Agency: Ridge Pointe Commercial Real Estate
Listed By: Grant English · License #602976
Source: Moodyscre
Added: Dec 2, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ridge Pointe Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

This NNN-leased restaurant opportunity is marketed as Wade’s Landing and is secured by a lease with 7 years remaining and 3% annual increases. The property is sized at 4,330 square feet and is described as an operating restaurant; tours are available by appointment only, and the tenant should not be disturbed.

The offering is located in Downtown Rockwall, Texas, and is noted as being adjacent to San Jacinto Square in the Downtown District. The surrounding area is characterized in the remarks as a mix of adaptive re-use properties, including restaurants, boutique retail, offices, and entertainment.

The asset is presented with multiple address listings in the remarks: 308 N Fannin St, 306 Fannin St, and 306 Williams St, Rockwall, TX 75087.

Key Highlights

  • NNN‑encumbered restaurant opportunity in Downtown Rockwall, TX
  • NNN lease has 7 years remaining
  • Lease includes 3% annual increases each year

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Wade's Landing Restaurant The Londoner Restaurant

Suggested Use

Top Pick Auto Parts Store Garden Center Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

967
Businesses Nearby
Under-served
Demand for This Use

Demographics for 75087, TX

40,460
Population
15,103
Households
2.7
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
29.4 sq mi
ZIP Area
1,376
Density / Sq Mi
$128,590
Median Household Income
$61,467
Median Earnings
$1,727
Median Rent
$399,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - NNN-encumbered restaurant opportunity with 7 years remaining on the lease and annual 3% increases.
Where is this conventional restaurant located?
The property is located at 308 N Fannin St Rockwall, TX.
What are key features of this property?
This property features: NNN‑encumbered restaurant opportunity in Downtown Rockwall, TX; NNN lease has 7 years remaining; Lease includes 3% annual increases each year
(214) 577-8627 Call to check price and availability
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