5404 Kenwood DrRowlett, TX 75089

Property Details for 5404 Kenwood Dr

Year built

2019

Construction

FRAME

Lot size

1.81 AC

Property size (Sq ft)

6,404 SF

Property type

Office buildings

APN

440142600A5ARA000

APU

440142600A5ARA000

Description

This exceptional investment opportunity presents a 6,200 square foot multi-tenant retail shopping center located at 5404 Kenwood Dr, Rowlett, TX 75089, in Dallas County. The property boasts a prime location, strategically situated between Walmart and Sprouts grocery stores, ensuring high visibility and consistent foot traffic. With an asking price of $3,689,231 and a price per square foot of $595.04, this property offers a compelling 6.50% cap rate. Currently operating at 100% occupancy, the center is anchored by a Chick-fil-A, further enhancing its appeal and stability. The property benefits from its high-traffic location, exposed to over 45,000 vehicles daily, drawing from both neighborhood and regional traffic. The surrounding area features a high average household income and is populated by well-known franchises. A significant advantage is the inclusion of a Chick-fil-A parking ground lease, adding to the overall investment value. This well-positioned retail center presents a strong and stable investment opportunity in a thriving market. The property type is retail, specifically a shopping center, with multi-tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,331

  6.5%

  $1,301,844

  7%

  $1,208,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $936,659

  Geo Method

  $770,529

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,287

  Hospitality

  $1,478,678

  Educational

  $1,230,243

  Medical

  $1,272,552

  Retail

  $1,913,711

Location Insight

City

Rowlett

County

Dallas

State

Texas

Latitude

32.909

Longitude

-96.5756

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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