Family Dollar Convenience
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 Market97
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%
Site & Location
Neighborhood
Cedar Crest
Building Details
Year Built
2015
Stories
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Northmarq - Chicago
Listed By:
Isaiah Harf · License #IL 471019332
(312) 777-2437
Source:
Crexi
Added: Jul 30
Changed: Oct 30
Last Checked: Nov 1 at 6:19AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$156,717
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,134,340
$3.1M
Cap Rate 7%
$2,238,814
$2.2M
Cap Rate 9%
$1,741,300
$1.7M
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$219.5K $24.12/SF
− Vacancy
−$10.5K −$1.16/SF
EGI
$209.0K $22.96/SF
− OpEx
−$52.2K −$5.74/SF
NOI
$156.7K $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%
$3,134,340
Cap Rate 7%
$2,238,814
Cap Rate 9%
$1,741,300
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 46%
Electronics 6%
Burger King
Dining
7,265 visits/mo
0.4 miles
Texaco
Shops & Services
6,941 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,237 visits/mo
0.5 miles
Louisiana Fried Chicken
Dining
2,956 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,482 visits/mo
0.4 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
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
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
