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 Market34
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 27
Last Checked: Aug 29 at 8:06AM
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
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
$156,717
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
9.10%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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
