2455 Ridge Rd | Rockwall, TX 75087
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2455 Ridge Rd
Rockwall, TX 75087
Ridge Road Towne Center | Rockwall TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Texas is an Income Tax Free State
- 11% of Leases are Gross Leases Allowing a New Buyer Ability to Convert to Gross NNN Leases in the next 18 months
- Property Consists of Two Buildings, Offering the Opportunity to Convert the Front Building to Single Tenant or Sell as Outparcel
- Strong Mix of National, Regional and Local Tenants Including: Children's Health, Geico Insurance, The House of Gyros, Papa Murphy’s, Wing Stop
- Existing Tenants are Paying Below Market Rents at an Average of $22 PSF - Market Rental Rate is at $26.65 PSF with a 1.7% Vacancy Rate
- 22 Tenants Can Provide For a Diversified Mix of Rental Increases/More Stability
PROPERTY FACTS
Property Type
Building Size
47,428 SF
Building Class
B
Year Built/Renovated
2005/2022
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
6.37 AC
Zoning
C - Commercial
Parking
122 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
248’ on Vigor way
PROPERTY TAXES
| Parcel Number | 58145 | Improvements Assessment | $9,656,787 |
| Land Assessment | $4,138,622 | Total Assessment | $13,795,409 |
PROPERTY TAXES
Parcel Number
58145
Land Assessment
$4,138,622
Improvements Assessment
$9,656,787
Total Assessment
$13,795,409
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