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Heath Town Center Phase II 2 Retail Properties Offered at $12,187,341 CAD in Heath, TX
Investment Highlights
- 100% Leased, 6-Tenant Retail Asset Located in Affluent Submarket of Heath, TX (DFW)
- Average Lease Expiration of July 2032 with 5 of 6 Tenants Experiencing Rent Bumps During Primary Term
- Tom Thumb Shadow Anchored
- Average Household Income Exceeds $246,200, $170,100 and $132,700 in 1, 3 and 5 Mile Radii, Respectively
- 2022 Construction with Partial Masonry Construction, Shallow Bay Depth & Direct Frontage to Laurence Drive and FM 549
- Minutes from Travis Ranch, 1500+ Acre Master Planned Community
Executive Summary
Heath Town Center Phase II is a recently constructed 13,927 square foot retail asset in the high growth DFW submarket of Heath, Texas. Positioned on the hard intersection of Laurance Drive and South Farm to Market 549, the Property is approximately 30 minutes northeast of Downtown Dallas. Heath Town Center Phase II is 100% leased to a complementary mix of food, service and medical tenants which includes Wings Over Heath, MyFitMed, Heath Boba Tea, Care Now, Donut Supreme, and Blue Koi Japanese Bistro with an average base lease expiration of July 2032. Five of six tenants experience rent escalations during their primary lease terms. Built in 2022, the Property benefits from frontage to the Laurence Drive and South Farm to Market 549 intersection, partial masonry construction and shallow bay depth. Nearby retailers include Tom Thumb, Costco, CVS Pharmacy, UPS, Tom Thumb Fuel Center, Starbucks, Great Clips and Chase Bank among others.
Property Facts
| Price | $12,187,341 CAD | Number of Properties | 2 |
| Price / SF | $875.09 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.15% | Total Building Size | 13,927 SF |
| Sale Type | Investment | Total Land Area | 6.04 AC |
| Status | Active |
| Price | $12,187,341 CAD |
| Price / SF | $875.09 CAD / SF |
| Cap Rate | 6.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,927 SF |
| Total Land Area | 6.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 539 Laurence Dr, Heath, TX 75032 | Retail | 7,377 SF | 2022 | - |
| 517 Laurence Dr, Heath, TX 75032 | Retail | 6,550 SF | 2023 | - |
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Heath Town Center Phase II
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