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Shafer Plaza 615-651 White Hills Drive dr 10,864 SF 100% Leased Retail Building Rockwall, TX 75087 $5,712,883 CAD ($525.85 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Average Rents of $25 PSF NNN; 3/5 Tenants Have Remaining Escalations
- 2 Million+ Square Feet of Retail GLA in a 1.5 Mile Radius Traffic Counts Exceed 116,100 VPD on Interstate 30
- Highly Visible Interstate 30 Frontage location with Two Primary Access Points on the North and South sides of Shafer Plaza,
- Cay Toys Has Been a Tenant at the Property Since 2000 & Recently Executed Renewal Through February 2030; Two, 5-Year Options at FMV
- Large Pylon Sign Fronting Interstate 30
- Minutes from Rockwall High School with 2,900+ Enrollment
Executive Summary
- 100% Leased 10,864 SF, Retail Center Shadow-Anchored to Walmart in Rockwall, TX | Avg Rent $25 PSF NNN | Amaya's Taqueria on Drive-Thru End Cap | Interstate 30 Frontage
- Complimentary Tenant Mix with Amaya’s Taqueria (Drive-Thru End Cap), Lone Star Vapor Shop, Rockwall Cell Phone Repair, Kumon, and Car Toys
- Less than 30 Minutes East of Downtown Dallas | Average HH Incomes Exceed $113,600 and $136,400 within a 1 & 3-mile Radii, Respectively
- Rockwall County Ranks Among the Fastest-Growing Counties in the U.S. (~4%+ annual Population Growth based on Latest Census Estimates)
- Proximity to Major New Development: Located just 7 minutes from Lake Ray Hubbard, the $1B Sapphire Bay mixed-use development—an upcoming premier waterfront destination—driving long-term traffic, visibility, and demand.
- Complimentary Tenant Mix with Amaya’s Taqueria (Drive-Thru End Cap), Lone Star Vapor Shop, Rockwall Cell Phone Repair, Kumon, and Car Toys
- Less than 30 Minutes East of Downtown Dallas | Average HH Incomes Exceed $113,600 and $136,400 within a 1 & 3-mile Radii, Respectively
- Rockwall County Ranks Among the Fastest-Growing Counties in the U.S. (~4%+ annual Population Growth based on Latest Census Estimates)
- Proximity to Major New Development: Located just 7 minutes from Lake Ray Hubbard, the $1B Sapphire Bay mixed-use development—an upcoming premier waterfront destination—driving long-term traffic, visibility, and demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,864 SF
Year Built
2001
Price
$5,712,883 CAD
Price Per SF
$525.85 CAD
Cap Rate
6.50%
NOI
$371,396 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.33 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64766 | Improvements Assessment | $3,251,003 CAD |
| Land Assessment | $1,393,287 CAD | Total Assessment | $4,644,289 CAD |
Property Taxes
Parcel Number
64766
Land Assessment
$1,393,287 CAD
Improvements Assessment
$3,251,003 CAD
Total Assessment
$4,644,289 CAD
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Shafer Plaza | 615-651 White Hills Drive dr
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