Grocery Shadow-Anchored Shopping
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517 LAURENCE DR, Heath, TX 75032
Fully occupied retail center with restaurants, medical services, outdoor dining, and access from two signalized roads.
Property Size13,927 SF
Price / SF$631.72
Days on Market140
Property Features for 517 LAURENCE DR
General Information
Standard status
Active
Size
13,927 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$541,080
Additional Details
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
SHOP Companies Dallas
(972) 755-5225
Listed By:
Tommy Tucker · License #TX 543816
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: May 27 at 8:40AM
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 SHOP Companies Dallas
Investment Insights
Based on property information with market context.
Completed in 2023, this 13,927-square-foot shopping center is fully occupied by a mix of retail, restaurant, beverage, and medical-service tenants. The roster includes Blue Koi Sushi, Donut Supreme, CommunityMed Urgent Care, Heath Boba Tea, MyFitMed, and Wings Over Heath. Blue Koi Sushi and Wings Over Heath include outdoor dining areas. Metal awnings and a metal roof over the Wings Over Heath patio contribute to the building’s design. All leases are structured on a triple-net basis, with many providing scheduled rent increases during the initial term and renewal options at fair market value.
The center occupies a pad site serving a Tom Thumb grocery store, whose annual visitation ranks in the 88th percentile among Tom Thumb locations statewide. Access is available from Laurence Drive and South FM 549 at a signalized intersection, with combined traffic counts exceeding 18,900 vehicles per day. Nearby businesses include The UPS Store, Shell, Anytime Fitness, HOTWORX, and American National Bank of Texas. Rockwall-Heath High School is directly north and reports approximately 2,912 students.
The center occupies a pad site serving a Tom Thumb grocery store, whose annual visitation ranks in the 88th percentile among Tom Thumb locations statewide. Access is available from Laurence Drive and South FM 549 at a signalized intersection, with combined traffic counts exceeding 18,900 vehicles per day. Nearby businesses include The UPS Store, Shell, Anytime Fitness, HOTWORX, and American National Bank of Texas. Rockwall-Heath High School is directly north and reports approximately 2,912 students.
Key Highlights
- 13,927‑square‑foot retail center with 100 percent occupancy
- New 2023 construction with metal awnings and a covered outdoor dining patio
- Triple‑net leases; many include scheduled rent escalations and fair‑market renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
57k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 62%
Shops & Services 33%
Beauty & Spa 3%
Dining 2%
Tom Thumb
Groceries
35,283 visits/mo
0.2 miles
Shell
Shops & Services
11,041 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,802 visits/mo
0.1 miles
The UPS Store
Shops & Services
3,593 visits/mo
0.1 miles
Great Clips
Beauty & Spa
1,712 visits/mo
0.1 miles
Demographics for 75032, TX
34,590
Population
13,453
Households
2.6
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
719
Density / Sq Mi
$128,465
Median Household Income
$60,480
Median Earnings
$1,918
Median Rent
$462,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with restaurants, medical services, outdoor dining, and access from two signalized roads.
Where is this shopping center located?
The property is located at 517 LAURENCE DR Heath, TX.
What is the asking price?
The asking price for this property is $8,798,000.
What are key features of this property?
This property features: 13,927‑square‑foot retail center with 100 percent occupancy; New 2023 construction with metal awnings and a covered outdoor dining patio; Triple‑net leases; many include scheduled rent escalations and fair‑market renewal options
