Dunhill Partners recently purchased the Rockwall Market Center, a 212,000-square-foot retail plaza situated on the Interstate 30 corridor east of Lake Ray Hubbard. The more than 21-acre shopping center is fully leased with tenants such as Office Depot, Burkes Outlets, Michaels Old Navy and Petco.
JLL marketed the project noting its direct access to Interstate 30 which draws over 1.5 million annual visitors and visibility to over 103,000 vehicles per day. Not only does it yield 82% of its income from retail tenants but JLL also notes that it is deemed a “high performing power center significantly below replacement cost with mark-to market rents” making this an attractive investment opportunity for Dunhill Partners.
