Strip Mall with Drive-Thru
For Sale
Contact for pricing
3335 W Wheatland Rd, Dallas, TX 75237
2014-built three-tenant strip mall features a drive-thru endcap and excellent visibility fronting Wheatland Rd.
Property Size9,572 SF
Price / SF$417.36
Days on Market591
Property Features for 3335 W Wheatland Rd
General Information
Standard status
Active
Size
9,572 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
28,000 vehicles/day
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
STRIVE
(469) 844-8030
Listed By:
Hudson Lambert
(469) 844-8030
Source:
Moodyscre
Added: Dec 16, 2024
Changed: Jul 26
Last Checked: Jul 29 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
Investment Insights
Based on property information with market context.
Built in 2014, this three-tenant strip mall includes a drive-thru endcap. The property is presented for sale with more than five years remaining on a solid lease term for 100% of the gross leasable area. Schlotzsky’s and Brident Dental previously demonstrated their commitment to the site by exercising their 5-year contractual options at rental increases.
The asset fronts Wheatland Rd and is reported to be visible to over 28,000 vehicles per day. It is adjacent to Methodist Charlton Medical Center, a major hospital with over 300 beds.
While Methodist Physical Therapy is currently dark, it continues to pay rent and has over eight years remaining on its term, creating an opportunity to negotiate a buyout with an existing tenant in place.
The asset fronts Wheatland Rd and is reported to be visible to over 28,000 vehicles per day. It is adjacent to Methodist Charlton Medical Center, a major hospital with over 300 beds.
While Methodist Physical Therapy is currently dark, it continues to pay rent and has over eight years remaining on its term, creating an opportunity to negotiate a buyout with an existing tenant in place.
Key Highlights
- 2014‑built 3‑tenant strip mall in Dallas with a drive‑thru endcap
- More than 5 years remaining on lease terms covering 100% of GLA
- Schlotzsky’s and Brident Dental exercised 5‑year contractual options with rental increases
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.9k | $24.12 |
| − Vacancy | −$11.1k | −$1.16 |
| EGI | $219.8k | $22.96 |
| − OpEx | −$54.9k | −$5.74 |
| NOI | $164.8k | $17.22 |
9,572 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.86M
$6.88M – $9.17M
NOI $550,307 @ 7.0% cap · market cap 13.77%
Second Best
Specialty Retail
$2.35M
$2.06M – $2.75M
NOI $164,846 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$11.49M
$10.05M – $13.40M
NOI $803,993 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Explore this area
Business Placement
Demographics for 75237, TX
19,057
Population
8,790
Households
2.2
Avg Household Size
30
Median Age
17%
College-Educated
79%
High-School Grad
6.7 sq mi
ZIP Area
2,844
Density / Sq Mi
$43,149
Median Household Income
$34,800
Median Earnings
$1,193
Median Rent
$231,600
Median Home Value
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 2014-built three-tenant strip mall features a drive-thru endcap and excellent visibility fronting Wheatland Rd.
Where is this strip mall located?
The property is located at 3335 W Wheatland Rd Dallas, TX.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 2014‑built 3‑tenant strip mall in Dallas with a drive‑thru endcap; More than 5 years remaining on lease terms covering 100% of GLA; Schlotzsky’s and Brident Dental exercised 5‑year contractual options with rental increases
