Anchored Strip Retail
For Sale
$9,621,000
2100 Alamo Rd, Richardson, TX 75080
Fully occupied center with salon, resale, restaurant, retail, and service-oriented tenancy along a prominent North Central Expressway corridor.
Property Size25,136 SF
Price / SF$382.76
Days on Market47
Property Features for 2100 Alamo Rd
General Information
Standard status
Active
Size
25,136 SF
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
6.75%
Anchor Co-Tenants
Mattison Avenue Salon, Uptown Cheapskate
Amenities
SIGNIFICANT MARK-TO-MARKET RENT UPSIDE
PREMIER TELECOM CORRIDOR LOCATION
EXCEPTIONAL FREEWAY VISIBILITY & ACCESS
IRREPLACEABLE INFILL REAL ESTATE
100% LEASED WITH TWO 8,000+ SF ANCHOR TENANTS
Building Details
Building Size
25,136 SF
Year Built
1976
Tenancy
Multi
Listing Agency:
Dallas Office
(817) 932-6122
Listed By:
Chris Gainey · License #License(s): TX: 612970
(817) 932-6122
Source:
Marcusmillichap
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 2:02PM
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 Dallas Office
Investment Insights
Based on property information with market context.
Built in 1976, this 25,136-square-foot strip retail center combines restaurant, retail, and service-oriented space in a single commercial property. Mattison Avenue Salon and Uptown Cheapskate serve as the principal occupants, together representing more than 64% of gross leasable area. The center is 100% occupied and structured around triple-net tenancy.
The property is located at 2100 Alamo Rd in Richardson, Texas, along North Central Expressway (US-75). Its setting in Richardson’s Telecom Corridor places the center near corporate campuses, regional retail destinations, and a substantial daytime employment base. The asset may be acquired individually or alongside other properties in the Campbell Way Center Portfolio, as supported by the source information.
The property is located at 2100 Alamo Rd in Richardson, Texas, along North Central Expressway (US-75). Its setting in Richardson’s Telecom Corridor places the center near corporate campuses, regional retail destinations, and a substantial daytime employment base. The asset may be acquired individually or alongside other properties in the Campbell Way Center Portfolio, as supported by the source information.
Key Highlights
- 25,136‑square‑foot strip retail center built in 1976
- 100% occupied retail center with triple‑net tenancy
- Mattison Avenue Salon and Uptown Cheapskate occupy more than 64% of GLA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$300,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,017,560
$6.0M
Cap Rate 7%
$4,298,257
$4.3M
Cap Rate 9%
$3,343,089
$3.3M
Market Conditions
NOI Build-Up for 25,136 SF
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.
Gross rent
$452.4K $18.00/SF
− Vacancy
−$22.6K −$0.90/SF
EGI
$429.8K $17.10/SF
− OpEx
−$128.9K −$5.13/SF
NOI
$300.9K $11.97/SF
Area
Richardson, TX
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,017,560
Cap Rate 7%
$4,298,257
Cap Rate 9%
$3,343,089
Alternative Uses
Best Use
Retail
$4.30M
$3.76M – $5.01M
NOI $300,878 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.63M
$6.68M – $8.90M
NOI $534,251 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,720
Businesses Nearby
306k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 15%
Hotels & Casinos 3%
Apparel 2%
Chick-fil-A
Dining
32,758 visits/mo
0.2 miles
McDonald's
Dining
28,260 visits/mo
0.2 miles
Shell
Shops & Services
19,372 visits/mo
0.2 miles
Torchy's Tacos
Dining
18,188 visits/mo
0.3 miles
Starbucks
Dining
16,006 visits/mo
0.2 miles
Demographics for 75080, TX
53,633
Population
19,971
Households
2.7
Avg Household Size
30
Median Age
57%
College-Educated
93%
High-School Grad
11.3 sq mi
ZIP Area
4,746
Density / Sq Mi
$89,773
Median Household Income
$42,004
Median Earnings
$1,817
Median Rent
$420,000
Median Home Value
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 salon, resale, restaurant, retail, and service-oriented tenancy along a prominent North Central Expressway corridor.
Where is this strip mall located?
The property is located at 2100 Alamo Rd Richardson, TX.
What is the asking price?
The asking price for this property is $9,621,000.
What are key features of this property?
This property features: 25,136‑square‑foot strip retail center built in 1976; 100% occupied retail center with triple‑net tenancy; Mattison Avenue Salon and Uptown Cheapskate occupy more than 64% of GLA
