1050 W Rusk St
Rockwall, TX
Price:
$3,341,000
Cap Rate:
5.00%
NOI:
$167,059
Building Size:
Approx. 3,062 Sq. Ft.
Lot Size:
Approx. 1.08 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2019 Construction. 3,062+/- SF Building on 1.08+/- Acre Site
- New 15 Year Corp Lease w/ 10% Rent Bump After Year 10
- Located along HWY-66 (24K VPD) & Lakeshore Dr (11K VPD)
- Gateway to the City of Rockwall & Lake Ray Hubbard Boat Launch
- Near Walmart, Bank of America, Chase, O’Reilly, AutoZone, DQ
- Rockwall, Continuous Explosive Growth in TX & Across the Nation
- Ranked #1 in Job Creation in America – 45% Pop Increase since 2000
- Mayor Employers: L-3 Comm., Graphic Micro, Mopak Specialties
- 3-Miles Avg Household Income: $114,474 | 20-Miles SE of Dallas
- Dallas/Fort Worth (MSA) | 4TH Largest in the U.S | Pop: 7 Million+