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Scenic Square 9400 Lakeview Pky 28,850 SF 100% Leased Retail Building Rowlett, TX 75088 $10,505,957 CAD ($364.16 CAD/SF) 6.92% Cap Rate
Executive Summary
100% Occupied with Below Market Triple Net Leases – Current property rents average $18.95 which is more than 25% lower than the average retail market rent of $25.50 (Source: Costar Analytics)
Explosive Population Growth – The Rockwall, TX population grew at an annual rate of 6.5% in 2023, 1300% faster than the U.S. growth rate of 0.50% (Source: US Census)
Across from Tom Thumb & Walmart Neighborhood Market Drawing 1.69 Million Annual Visits (Source: Placer.ai)
Adjacent to Baylor Scott & White Lake Pointe Medical Center – This148-bed acute care hospital has more than 500 physicians on staff and draws significant traffic to the site
Densely Developed Residential Market with Ideal Consumer Demographics – There are over 284,026 residents within a 7-mile radius of the property with an average household income of $138,054
Explosive Population Growth – The Rockwall, TX population grew at an annual rate of 6.5% in 2023, 1300% faster than the U.S. growth rate of 0.50% (Source: US Census)
Across from Tom Thumb & Walmart Neighborhood Market Drawing 1.69 Million Annual Visits (Source: Placer.ai)
Adjacent to Baylor Scott & White Lake Pointe Medical Center – This148-bed acute care hospital has more than 500 physicians on staff and draws significant traffic to the site
Densely Developed Residential Market with Ideal Consumer Demographics – There are over 284,026 residents within a 7-mile radius of the property with an average household income of $138,054
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
28,850 SF
Building Class
B
Year Built
1986
Price
$10,505,957 CAD
Price Per SF
$364.16 CAD
Cap Rate
6.92%
NOI
$727,177 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
3.00 AC
Zoning
PD - Retail
Parking
180 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 108
- 975 SF
- Retail
- In-Line
- 60 Days
- 109
- 975 SF
- Retail
- In-Line
- Jun 2026
| Space | Size | Space Use | Position | Available |
| 108 | 975 SF | Retail | In-Line | 60 Days |
| 109 | 975 SF | Retail | In-Line | Jun 2026 |
108
| Size |
| 975 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 60 Days |
109
| Size |
| 975 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Jun 2026 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 29824 | Improvements Assessment | $4,046,138 CAD |
| Land Assessment | $1,734,059 CAD | Total Assessment | $5,780,197 CAD |
Property Taxes
Parcel Number
29824
Land Assessment
$1,734,059 CAD
Improvements Assessment
$4,046,138 CAD
Total Assessment
$5,780,197 CAD
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Scenic Square | 9400 Lakeview Pky
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