Strip Mall with Drive-Thru
For Sale
Contact for pricing
3335 West Wheatland Road, Dallas, TX 75237
2014-built three-tenant strip mall features a drive-thru endcap and excellent visibility fronting Wheatland Rd.
Property Size9,572 SF
Price / SF$417.36
Days on Market92
Property Features for 3335 West Wheatland Road
General Information
Standard status
Active
Size
9,572 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$301,196
Additional Details
Traffic Count
28,000 vehicles/day
Building Details
Year Built
2014
Units
3
Tenancy
Multi
Listing Agency:
JLL - Austin, Texas
Listed By:
Shea Petrick · License #782926
(512) 619-1958
Source:
Crexi
Added: Jul 25
Changed: Oct 12
Last Checked: Oct 23 at 6:41AM
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 JLL - Austin, Texas
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Investment Insights
Based on property information with market context.
Built in 2014, this three-tenant strip mall includes a drive-thru endcap. The property is presented for sale with more than five years remaining on a solid lease term for 100% of the gross leasable area. Schlotzsky’s and Brident Dental previously demonstrated their commitment to the site by exercising their 5-year contractual options at rental increases.
The asset fronts Wheatland Rd and is reported to be visible to over 28,000 vehicles per day. It is adjacent to Methodist Charlton Medical Center, a major hospital with over 300 beds.
While Methodist Physical Therapy is currently dark, it continues to pay rent and has over eight years remaining on its term, creating an opportunity to negotiate a buyout with an existing tenant in place.
The asset fronts Wheatland Rd and is reported to be visible to over 28,000 vehicles per day. It is adjacent to Methodist Charlton Medical Center, a major hospital with over 300 beds.
While Methodist Physical Therapy is currently dark, it continues to pay rent and has over eight years remaining on its term, creating an opportunity to negotiate a buyout with an existing tenant in place.
Key Highlights
- 2014‑built 3‑tenant strip mall in Dallas with a drive‑thru endcap
- More than 5 years remaining on lease terms covering 100% of GLA
- Schlotzsky’s and Brident Dental exercised 5‑year contractual options with rental increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,018
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,080,360
$3.1M
Cap Rate 7%
$2,200,257
$2.2M
Cap Rate 9%
$1,711,311
$1.7M
Market Conditions
NOI Build-Up for 9,572 SF
Gross rent
$230.9K $24.12/SF
− Vacancy
−$10.9K −$1.13/SF
EGI
$220.0K $22.99/SF
− OpEx
−$66.0K −$6.90/SF
NOI
$154.0K $16.09/SF
Area
Dallas, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,080,360
Cap Rate 7%
$2,200,257
Cap Rate 9%
$1,711,311
Alternative Uses
Best Use
Retail
$2.20M
$1.93M – $2.57M
NOI $154,018 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.49M
$10.05M – $13.40M
NOI $803,993 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 43%
Dining 39%
Shops & Services 17%
Hotels & Casinos 1%
The Home Depot
Home Improvements & Furnishings
50,367 visits/mo
0.4 miles
SONIC Drive In
Dining
12,826 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
12,527 visits/mo
0.4 miles
Murphy USA
Shops & Services
11,005 visits/mo
0.3 miles
Shell
Shops & Services
9,136 visits/mo
0.4 miles
Demographics for 75237, TX
19,057
Population
8,790
Households
2.2
Avg Household Size
30
Median Age
17%
College-Educated
79%
High-School Grad
6.7 sq mi
ZIP Area
2,844
Density / Sq Mi
$43,149
Median Household Income
$34,800
Median Earnings
$1,193
Median Rent
$231,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - 2014-built three-tenant strip mall features a drive-thru endcap and excellent visibility fronting Wheatland Rd.
Where is this strip mall located?
The property is located at 3335 West Wheatland Road Dallas, TX.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 2014‑built 3‑tenant strip mall in Dallas with a drive‑thru endcap; More than 5 years remaining on lease terms covering 100% of GLA; Schlotzsky’s and Brident Dental exercised 5‑year contractual options with rental increases
