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 Market325
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: Jul 6
Last Checked: Jul 21 at 5:59AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.9k | $24.12 |
| − Vacancy | −$8.5k | −$1.13 |
| EGI | $172.4k | $22.99 |
| − OpEx | −$51.7k | −$6.90 |
| NOI | $120.7k | $16.09 |
7,500 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
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
231
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
8,203 visits/mo
0.4 miles
Dollar General
Shops & Services
3,334 visits/mo
0.4 miles
Watermill Express
Shops & Services
2,670 visits/mo
0.4 miles
Liberty Tax
Shops & Services
786 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.
