Retail Building Near Dallas,
For Sale
Contact for pricing
342 S St Augustine Rd, Dallas, TX
7,500 SF retail building with long-term NNN lease.
Property Size7,500 SF
Lot Size0.72 Acres
Price / SF$209.33
Days on Market342
Property Features for 342 S St Augustine Rd
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.72 Acres
Property subtype
RETAIL
Listing Agency:
Secure Net Lease - Dallas
(214) 915-8890
Listed By:
Russell Smith · License #587553
Source:
Moodyscre
Added: Sep 16, 2025
Changed: Aug 15
Last Checked: Aug 23 at 7:51AM
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 Secure Net Lease - Dallas
Investment Insights
Based on property information with market context.
Constructed in 2019, this 7,500 square foot building is situated on a 0.71 acre site. The property has over 8 years remaining on a corporate absolute NNN lease, with three 5-year options to renew, and 10% rental increases during the option periods. Located 8 miles southeast of Dallas, Texas, the property is positioned off US 175, which has a traffic count of over 72,200 vehicles per day, on St. Augustine Drive, which has a traffic count of over 6,700 vehicles per day. The surrounding area has strong demographics, with 194,491 residents within a 5-mile radius and an average household income of $79,106. There are six schools within 1 mile, with over 4,000 students. The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas and the fourth-largest in the United States. The tenant, Dollar General, is a Fortune 500 company and one of the largest discount retailers in the U.S., operating over 20,400 stores across 47 states. Dallas is the 3rd fastest-growing metro in the U.S., with a MSA population of 8.3 million.
Key Highlights
- Corporate Absolute NNN Lease with 8+ Years Remaining and (3) 5‑Year Renewal Options, providing passive income.
- Leased to Dollar General, a Fortune 500 Tenant and major U.S. discount retailer with over 20,400 stores.
- Strong Rental Increases: 10% rental increases during option periods.
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
$120,678
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
7.69%
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%
$2,413,560
$2.4M
Cap Rate 7%
$1,723,971
$1.7M
Cap Rate 9%
$1,340,867
$1.3M
Market Conditions
NOI Build-Up for 7,500 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
$180.9K $24.12/SF
− Vacancy
−$8.5K −$1.13/SF
EGI
$172.4K $22.99/SF
− OpEx
−$51.7K −$6.90/SF
NOI
$120.7K $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 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%
$2,413,560
Cap Rate 7%
$1,723,971
Cap Rate 9%
$1,340,867
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,678 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.00M
$7.87M – $10.50M
NOI $629,957 @ 7.0% cap · market cap 40.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,271
Businesses Nearby
292k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 18%
Groceries 15%
Beauty & Spa 3%
McDonald's
Dining
29,587 visits/mo
0.5 miles
Kroger
Groceries
25,391 visits/mo
0.1 miles
Total Wine & More
Groceries
18,476 visits/mo
0.3 miles
La La Land Kind Cafe
Dining
18,415 visits/mo
0.3 miles
Pappadeaux Seafood Kitchen
Dining
17,337 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - 7,500 SF retail building with long-term NNN lease.
Where is this storefront property located?
The property is located at 342 S St Augustine Rd Dallas, TX.
What is the asking price?
The asking price for this property is $1,570,000.
What are key features of this property?
This property features: Corporate Absolute NNN Lease with 8+ Years Remaining and (3) 5‑Year Renewal Options, providing passive income.; Leased to Dollar General, a Fortune 500 Tenant and major U.S. discount retailer with over 20,400 stores.; Strong Rental Increases: 10% rental increases during option periods.
