5404 Kenwood DrRowlett, TX 75089

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.