Laurence Crossing Retail/Office Center 201 Laurence Dr 7,346 SF 100% Leased Office Building Heath, TX 75032 For Sale 7% Cap Rate

Laurence Crossing is a 100% leased neighborhood retail center strategically located at the signalized intersection of Laurence Drive and Smirl Drive in the heart of Heath, Texas. Positioned directly across from Heath City Hall and Amy Parks Elementary, the property benefits from strong daily traffic, consistent consumer activity, and excellent visibility.
The center consists of 7,346 square feet of gross leasable area, constructed in 2001, and is supported by a stable tenant mix serving the surrounding affluent residential community. Nearby retailers include Tom Thumb, Anytime Fitness, Hotworx, The UPS Store, Vitality Bowls, Marco’s Pizza, Manny’s Tex-Mex, Gianni’s Italian Bistro, and other established neighborhood favorites.
Laurence Crossing offers investors an opportunity to acquire a fully stabilized asset with a proforma NOI of $125,000 and pricing guidance at a 7% cap rate. Traffic counts exceed 19,000 vehicles per day on Laurence Drive, with additional exposure from FM 549.
The surrounding trade area features strong demographics, with average household incomes exceeding $217,000 within one mile and steady population growth projections through 2030. Rent roll and financials are available upon request with an executed confidentiality agreement.