Two-Tenant Retail Strip
For Sale
$2,624,500
10110 Royal Ln, Dallas, TX 75238
Fully occupied center with triple-net leases and recently completed renovations.
Property Size5,555 SF
Price / SF$472.46
Days on Market34
Property Features for 10110 Royal Ln
General Information
Standard status
Active
Size
5,555 SF
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
6%
Anchor Co-Tenants
Royal Market, Smoke Nation
Amenities
FULLY OCCUPIED TWO-TENANT RETAIL CENTER
EXTENSIVE 2026 CAPITAL IMPROVEMENTS
CONTRACTUAL RENT GROWTH | ROYAL MARKET
DENSE INFILL TRADE AREA | SIGNIFICANT MULTIFAMILY DENSITY
STRATEGIC NORTH DALLAS INFILL LOCATION
Building Details
Building Size
5,555 SF
Year Built
1972
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Dallas Uptown
Listed By:
Chris Gainey · License #License(s): TX: 612970
(817) 932-6122
Source:
Marcusmillichap
Added: Sep 5
Changed: Sep 8
Last Checked: Oct 7 at 8:28AM
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 Marcus & Millichap | Dallas Uptown
Investment Insights
Based on property information with market context.
Jumana Retail Center is a 5,555-square-foot retail property built in 1972 with two tenant spaces. Royal Market occupies approximately 62 percent of the gross leasable area, while Smoke Nation occupies the balance. Both businesses operate under triple-net lease structures, and the center is 100 percent occupied. Royal Market's lease includes contractual rent increases beginning in 2028 and continuing annually thereafter. Ownership has recently completed substantial renovations to the property.
The center is located at 10110 Royal Lane in Dallas, Texas, near Interstate 635. More than 407,000 residents live within five miles, and the surrounding area includes significant multifamily density. A new Starbucks is under development immediately adjacent to the property, adding another nearby retail use to the surrounding commercial setting.
The center is located at 10110 Royal Lane in Dallas, Texas, near Interstate 635. More than 407,000 residents live within five miles, and the surrounding area includes significant multifamily density. A new Starbucks is under development immediately adjacent to the property, adding another nearby retail use to the surrounding commercial setting.
Key Highlights
- 5,555‑square‑foot retail center with two tenant spaces
- 100 percent occupied by Royal Market and Smoke Nation
- Both tenants operate under triple‑net leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,666
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,320
$1.9M
Cap Rate 7%
$1,366,657
$1.4M
Cap Rate 9%
$1,062,956
$1.1M
Market Conditions
NOI Build-Up for 5,555 SF
Gross rent
$134.0K $24.12/SF
− Vacancy
−$6.4K −$1.16/SF
EGI
$127.6K $22.96/SF
− OpEx
−$31.9K −$5.74/SF
NOI
$95.7K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,320
Cap Rate 7%
$1,366,657
Cap Rate 9%
$1,062,956
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,666 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,382 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$6.67M
$5.83M – $7.78M
NOI $466,588 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 21%
Hotels & Casinos 2%
QuikTrip
Shops & Services
30,013 visits/mo
0.1 miles
SONIC Drive In
Dining
9,991 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,249 visits/mo
0.2 miles
EZPAWN
Shops & Services
2,608 visits/mo
0.2 miles
Public Storage
Shops & Services
1,230 visits/mo
0.4 miles
Demographics for 75238, TX
32,801
Population
14,332
Households
2.3
Avg Household Size
35
Median Age
52%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,970
Density / Sq Mi
$75,498
Median Household Income
$47,556
Median Earnings
$1,269
Median Rent
$526,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied center with triple-net leases and recently completed renovations.
Where is this strip mall located?
The property is located at 10110 Royal Ln Dallas, TX.
What is the asking price?
The asking price for this property is $2,624,500.
What are key features of this property?
This property features: 5,555‑square‑foot retail center with two tenant spaces; 100 percent occupied by Royal Market and Smoke Nation; Both tenants operate under triple‑net leases
