Family Dollar Convenience
New
For Sale
Contact for pricing
2426 W LEDBETTER DR, Dallas, TX 75216
Leased retail property with more than four years remaining on the current term.
Property Size9,100 SF
Price / SF$189.21
Days on Market6
Property Features for 2426 W LEDBETTER DR
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Net Operating Income
$137,743
Financials
Asking Price
$1,721,787
Cap Rate
8%
Building Details
Year Built
2015
Stories
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Northmarq - Chicago
(312) 777-2437
Listed By:
Isaiah Harf · License #IL 471019332
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 2:09PM
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 Northmarq - Chicago
Investment Insights
Based on property information with market context.
This 9,100-square-foot convenience retail property at 2426 W Ledbetter Drive in Dallas was built in 2015. The building is occupied by Family Dollar, providing an established retail use within the existing improvements.
The current lease has 4+ years of remaining term, and the property is offered with an 8.00% cap rate. Its Dallas address is 2426 W Ledbetter Drive, Dallas, TX 75233.
The current lease has 4+ years of remaining term, and the property is offered with an 8.00% cap rate. Its Dallas address is 2426 W Ledbetter Drive, Dallas, TX 75233.
Key Highlights
- 9,100 SF convenience retail property
- Family Dollar occupies the building
- 4+ years of lease term remaining
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 | $219.5k | $24.12 |
| − Vacancy | −$10.5k | −$1.16 |
| EGI | $209.0k | $22.96 |
| − OpEx | −$52.2k | −$5.74 |
| NOI | $156.7k | $17.22 |
9,100 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,717 @ 7.0% cap · market cap 9.10%
Second Best
Retail
$2.09M
$1.83M – $2.44M
NOI $146,423 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$10.92M
$9.55M – $12.74M
NOI $764,348 @ 7.0% cap · market cap 44.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 32%
Shops & Services 21%
Electronics 1%
Fiesta Mart
Groceries
41,160 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
23,627 visits/mo
0.2 miles
Jack in the Box
Dining
13,075 visits/mo
0.2 miles
7-Eleven
Shops & Services
11,056 visits/mo
0.2 miles
SONIC Drive In
Dining
8,834 visits/mo
0.1 miles
Demographics for 75216, TX
55,759
Population
20,612
Households
2.7
Avg Household Size
34
Median Age
9%
College-Educated
70%
High-School Grad
14.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$37,613
Median Household Income
$31,020
Median Earnings
$1,169
Median Rent
$138,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cash Saver — 2130 E Ledbetter Dr, Dallas, TX 75216
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Leased retail property with more than four years remaining on the current term.
Where is this grocery and convenience store located?
The property is located at 2426 W LEDBETTER DR Dallas, TX.
What is the asking price?
The asking price for this property is $1,721,787.
What are key features of this property?
This property features: 9,100 SF convenience retail property; Family Dollar occupies the building; 4+ years of lease term remaining
