Property Name

Torchy's Tacos, Starbucks, Pei Wei & Texas Health Resources




GLA 12,601 SF

Percent Leased 100% Leased

Property Description

Torchy’s Tacos, Starbucks, Pei Wei & Texas Health Resources is a 12,601 SF drive thru retail center shadow anchored to Costco located along the primary retail corridor in the affluent high growth DFW submarket of Rockwall, Texas. Positioned on 2.23 acres just off Interstate 30, the Property is approximately 25 minutes from downtown Dallas and 40 minutes from Dallas/Fort Worth International Airport. Torchy’s Tacos, Starbucks, Pei Wei & Texas Health Resources is 100% leased to an exceptional mix of restaurant and medical tenants which include Starbucks, Torchy’s Tacos, Pei Wei & Texas Health Resources. All four (4) tenants recently signed fresh 10 year leases. Founded in 1997, Texas Health Resources is a privately held company that operates approximately 29 hospital locations throughout North Texas, serves 16 counties of more than 7,000,000 people and in 2020 reported over $4,900,000,000 in revenue and carries a corporate credit rating of “AA” by S&P and “Aa2” by Moody’s, both considered investment grade. Three of four tenants experienced built in rent escalations during their primary lease terms. Newly renovated, the Property benefits from exceptional visibility to Interstate 30, masonry components with engaging architectural elements, a drive thru end cap for Starbucks, an outdoor patio for Torchy’s & a large highly visible two-sided pylon sign. The total population within a one-mile radius of Torchy’s Tacos, Starbucks, Pei Wei & Texas Health Resources increased by a significant 212% from 2000 to 2022.