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31558210
31558211

3921 Gaston Ave, Dallas, TX 75204

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
JT
TX 792098
DUWEST
MB
TX 711586
DUWEST
GT
TX TX 836901
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST
$5,343,000
72 days on market
Updated 66 days ago

Gaston Avenue Retail

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,320
Cap Rate 5.25%
NOI $280,513
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Luna Grill
Lease Type NNN
Price per SqFt $1,004
Year Built 1989
Year Renovated 2025
Tenant Credit Corporate Guarantee

5.25% CAP | Corporate Guarantees

Marketing description

DuWest Realty Investment Services is pleased to present the opportunity to acquire a newly re-positioned, two-tenant, corporate-guaranteed net lease investment located in the core of Dallas along Gaston Avenue. The 5,320 square-foot property was formerly a bank branch and has been completely redeveloped and re-positioned for modern restaurant use, creating a highly functional quick-service retail asset with strong national tenancy. The property is 100% leased to two nationally recognized brands,

Chipotle and Luna Grill, both operating under corporate guarantees. Chipotle features a new 15-year lease term with 10% rental increases every five years and four 5-year renewal options, creating long-term income stability and strong built-in rent growth. Luna Grill complements the tenancy with a 10-year lease term, 12.5% rental increases every five years, and two 5-year renewal options, further enhancing the property’s income profile and long-term investment appeal.

Strategically positioned along Gaston Avenue, one of the primary commercial corridors serving the urban core of Dallas, the asset benefits from strong visibility and significant daily traffic volumes. The property sits within the immediate trade area of Baylor University Medical Center, one of the largest medical campuses in North Texas. The hospital employs more than 5,000 medical professionals, features over 900 beds, and sees more than 300,000 patients annually, creating a constant flow o f employees, visitors, and patients that supports strong daytime demand for quick-service dining.

Additionally, the site benefits from an exceptional daytime population exceeding 311,000 people within a three-mile radius, driven by the surrounding medical district, office employment centers, and dense residential neighborhoods. This dynamic environment produces consistent lunchtime and daily dining traffic, m aking the location particularly well suited for fast-casual restaurant concepts.

The combination of new construction adaptive reuse, corporate credit tenancy, longterm leases with contractual rent increases, and a premier infill medical district location positions this asset as a highly attractive opportunity for investors seeking stable, growing cash flow in Dallas’ core urban market.

Investment highlights

  • Fully stabilized, national credit lineup featuring embedded rent growth
  • Premier infill positioning adjacent to Baylor University Medical Center (5,000+ Employees)
  • Daytime population of 311,617 within 3-Miles, a 69% increase over the residential base

Listing Contacts

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
JT
TX 792098
DUWEST
MB
TX 711586
DUWEST
GT
TX TX 836901
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,513.00
$23,376.08/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

Map

Zoning

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PD-298 PlannedPlanned Development District 298
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Last updated May 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Will Walters
License
TX 596941
Brokerage Phone
2146753665
Title
TX
Name
Bill Pyle
License
TX 538293
Name
Josie Trent
License
792098
Name
Matt Banas
License
711586
Brokerage
DuWest Realty
Brokerage Phone
(214) 720-0004
Brokerage Address
4403 N Central Expy
Name
Griffin Till
License
TX 836901
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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