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32393321
32393323

8702 S Lancaster Rd, Dallas, TX 75241

JT
TX TX 0528492
Beam Real Estate
Listed by Beam Real Estate
$3,730,000
33 days on market
Updated 12 days ago

LANCASTER PLAZA-100% FULL-NNN-FOR SALE

Details
Property Type Retail, Office (+1)
Sub Type Restaurant, Shopping Center
Square Footage 17,010
Units 85
Cap Rate 6.51%
NOI $242,691
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $219
Class B
Year Built 2009
Buildings 1
Acreage 1.690
Zoning CS
Parking Spaces 85 spaces
Parking Per SqFt 5.00
Investment Type Stabilized
Ground Lease No

Retail | 6.50% CAP | 17,010 SqFt

Marketing description

This well-positioned, suburban retail strip center—lancaster retail plaza—offers a prime opportunity for investors seeking stable income within the growing dallas-Fort Worth market. Built in 2009 with durable masonry construction, the 17,009 sf property is currently 100% leased with national and service-oriented local tenants

The center benefits from a triple net (NNN) lease structure with $6.75/sf cam, offering reliable income and minimal landlord responsibilities. A 5,000 s liquidation store anchors the center with a lease term through January 2030. Along with national tenants such as mint dentistry, Metropcs/t mobile, and cricket mobile.

Strategically located on s Lancaster road, the property provides easy access to interstate 20, I-35e, and I-45, with traffic counts exceeding 149,000 vehicles per day within a third of a mile. The center features monument signage, ample surface parking, and excellent visibility with 75 feet of frontage. Proximity to major corridors makes this location ideal for local service retailers and neighborhood oriented businesses.

Investment highlights

  • 17,010-square foot shopping center in Lancaster (Dallas), Texas. Lancaster Retail Plaza is located on Lancaster Road and is less than one-third mile from Interstate 20, where traffic counts exceed 149,000 vehicles per day.
  • Easy access to I20, I35 e and I45
  • ample parking
  • 100% leased.
  • Retailers near the intersection include McDonald's, taco bell, sonic, Whataburger, Williams chicken, days inn, Popeyes Louisiana chicken, Soulman's bar-b-que, UPS store, Wendy's, mint dentistry, metro pcs, and cricket wireless

Listing Contacts

JT
TX TX 0528492
Beam Real Estate
Listed by Beam Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$242,691.38
$20,224.28/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Jose Thankachan
License
TX 0528492
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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