Retail

Texas Department of Family & Protective Services

Rockwall (Dallas/Ft. Worth), TX

Asking Price

$3,677,000

Cap Rate

7.00%

Lease Term

10 Yrs | 7 Yrs Remaining

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Affluent Dallas Suburb

$155,495 Avg. HHI (5-Mi)

Additional Land

Potential for Further Development

Major Renovations

Over $1.8M Spent

INVESTMENT HIGHLIGHTS

State of Texas Lease
Investment Credit Rating of AAA by Standard & Poor's and Aaa by Moody's
Major Renovations
In 2021 the Landlord completely renovated this building and spent over $1.8 Million
Additional Land
Includes an un-used portion which has the potential for further development.
Long-Term Lease
The State of Texas - DFPS signed a 10-year lease that has just over 7 years remaining

Affluent Dallas Suburb
Average HH income over $155,495 and population over 105,501 people within 5 miles
Strong Retail / Office Submarket
Within 2 miles of the Property, there is over 3.4 Million SF of Retail and over 1.1 Million SF of Office
CPI Increases
Every November 1, the rent is increased based on a CPI adjustment for Utilities and Janitorial expenses

Exclusively Listed By

Brian Corriston

Vice President
bcorriston@northmarq.com 832.485.7307
TX Lic. #516241

Chris Howard

Assistant Manager of Investment Analysis
choward@northmarq.com 678.654.5652

Brian Lane

Senior Associate
blane@northmarq.com 404.663.3412

Debt & Equity

Larry Peters

Senior Vice President - Senior Director, Debt & Equity
lpeters@nothmarq.com 713.871.5812

Michael Borden

Vice President, Debt & Equiry
mborden@northmarq.com 832.638.5755

Northmarq

10333 Richmond Avenue, Suite 740
Houston, TX 77042

northmarq.com