Northpark Village
US - Lubbock, TX
£8,161,000 | 70,479 sf
Asset Description
Jones Lang LaSalle ("JLL") is pleased to exclusively offer Rockwall Market Center (the "Property"), a 100% leased, 211,971 SF shopping center with a robust, high performing national tenant roster including Ross, Burkes Outlet, Michaels, Old Navy, and Petco. With direct access to Interstate 30, the Property draws over 1.5 million annual visitors, benefiting from a heavily trafficked intersection with visibility to over 103,000 vehicles per day. The Property offers a stable in-place cash flow with over 18 years of average tenant tenure and 82% of its income stream generated from national tenancy. Rockwall Market Center is a unique opportunity for investors to acquire a high performing power center significantly below replacement cost with mark-to-market rents.
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Attributes
Building area Net
211,971 sf
Occupancy
100.00%
Year built
1999
Land area net
21.45 acres (934,362 sf)
Media
Investment Highlights
- Dominant retail destination within the fast growing Rockwall County
- High performing tenancy backed by strong tenant sales and health ratios
- Loyal rent roll with 18+ years of tenant tenure
- 82% cash flow from national credit tenancy
- Near term value creation opportunities through mark-to-market rents
Contact brokers
Rockwall Market Center (0 Properties)
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Last updated
9 Feb 2023
