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 Market397
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) 522-7200
Listed By:
Russell Smith · License #587553
(214) 915-8890
Source:
Moodyscre
Added: Sep 16, 2025
Changed: Oct 2
Last Checked: Oct 16 at 9:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$120,678
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Similar Off Market Nearby
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- Kroger Floral — 4142 Cedar Springs Rd, Dallas, TX 75219
- Token Flowers — 4837 Cedar Springs Rd, Dallas, TX 75219
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.
