Absolute NNN Retail Pad
For Sale
Contact for pricing
Pending
4616 Lakeview Parkway., Rowlett, TX 75088
Two freestanding pads are fully leased to Applebee’s and Black Rock Coffee Bar under absolute NNN terms.
Property SizeContact for details
Days on Market143
Property Features for 4616 Lakeview Parkway.
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:41AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This offering includes fee simple ownership of two freestanding retail pads on separate parcels in Rowlett, Texas. The properties are fully occupied by Applebee’s and Black Rock Coffee Bar, with the coffee location featuring a drive-through. Both leases are structured as absolute NNN arrangements, and each tenant has extension options. Applebee’s holds a 20-year lease with 4 five-year options, while Black Rock Coffee Bar has a 15-year lease with 4 five-year options. Contractual rent increases occur at 10% every 5 years and at the start of each option period.
The properties front Lakeview Parkway, which records an average of 36,100 vehicles daily. Liberty Crossing, a 269,000 SF shopping center anchored by Super Target, is located directly across the roadway. Additional nearby retailers include Walmart Supercenter, The Home Depot, Sprouts, LA Fitness, Ross Dress For Less, Aaron’s, and Dollar Tree. The 5-mile trade area includes more than 194,000 residents and 39,000 employees, with a 3-mile average household income of $103,925.
The properties front Lakeview Parkway, which records an average of 36,100 vehicles daily. Liberty Crossing, a 269,000 SF shopping center anchored by Super Target, is located directly across the roadway. Additional nearby retailers include Walmart Supercenter, The Home Depot, Sprouts, LA Fitness, Ross Dress For Less, Aaron’s, and Dollar Tree. The 5-mile trade area includes more than 194,000 residents and 39,000 employees, with a 3-mile average household income of $103,925.
Key Highlights
- Two freestanding retail pads on separate parcels with fee simple land and building ownership
- 100% occupied by Applebee’s and Black Rock Coffee Bar
- Absolute NNN leases with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 75088, TX
26,899
Population
10,168
Households
2.6
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
9.3 sq mi
ZIP Area
2,892
Density / Sq Mi
$105,064
Median Household Income
$54,587
Median Earnings
$1,899
Median Rent
$326,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two freestanding pads are fully leased to Applebee’s and Black Rock Coffee Bar under absolute NNN terms.
Where is this nnn property located?
The property is located at 4616 Lakeview Parkway. Rowlett, TX.
What are key features of this property?
This property features: Two freestanding retail pads on separate parcels with fee simple land and building ownership; 100% occupied by Applebee’s and Black Rock Coffee Bar; Absolute NNN leases with zero landlord responsibilities
