Retail Building in Deer
3702 Center St Deer Park, TX 77536
3702 Center St, Deer Park, TX, 77536
Contact for pricing
For Sale
Contact for pricing
Pending
4,800 SF retail building 100% occupied by Jefferson Dental.
Property Size4,800 SF
Days on Market731
Property Features for 3702 Center St
General Information
- Standard status
- Pending
- Size
- 4,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing agency
ProspectCRE
Listed by
John Baddour · License #TX 733700
Source
Crexi
Added: Jul 22, 2024 Updated: Jul 6 at 8:03AM Checked: Jul 22 at 12:33PM
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 ProspectCRE
Investment Insights
Based on property information with market context.
This 4,800 square foot retail building is fully occupied by Jefferson Dental Care. The tenant, a well-established company with over 70 locations throughout Texas and Oklahoma, has occupied the building since August 2018, establishing a strong presence in the Deer Park retail area. The lease is structured as NN, with the landlord responsible for the roof and structure. Constructed in 1979 and renovated in 2018, the property features an excellent parking ratio of 6.6 spaces per 1,000 square feet. The building is located in close proximity to Beltway 8 and Highway 225. Center Street serves as the primary north-south thoroughfare in Deer Park, contributing to a strong daily traffic count. This prime location offers great visibility and presents an excellent opportunity for investors.
Key Highlights
- 100% occupied by corporate‑backed Jefferson Dental Care, a well‑established company.
- NN Lease provides a passive income stream with limited landlord responsibilities (roof & structure only).
- Strong retail location in Deer Park with established business since 2018.
Local Financial Insights For Specialty 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 | $98.5k | $20.52 |
| − Vacancy | −$5.6k | −$1.17 |
| EGI | $92.9k | $19.35 |
| − OpEx | −$23.2k | −$4.84 |
| NOI | $69.7k | $14.51 |
4,800 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$995.2K
$870.8K – $1.16M
NOI $69,661 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$814.8K
$712.9K – $950.6K
NOI $57,033 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,745 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jefferson Dental & Orthodontics
Dental Office
Garage Door in Deer ...
Building Supply
Uttara Suresh
Dental Office
Kavitha Prasad
Dental Office
Deer Park Carpet ...
Fur Service
Similar For Sale Nearby
Similar Off Market Nearby
- CVS — 3505 Center St, Deer Park, TX 77536
- Shaf Malik — 3505 Center St, Deer Park, TX 775365078
- Lee Tran — 3505 Center St, Deer Park, TX 775365078
- Gary Wetz — 3505 Center St, Deer Park, TX 775365078
- Atomy Herbals — 2605 Wilson Creek Dr, Pasadena, TX 77503
FAQs
What type of property is this?
Drug store - 4,800 SF retail building 100% occupied by Jefferson Dental.
Where is this drug store located?
The property is located at 3702 Center St Deer Park, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 100% occupied by corporate‑backed Jefferson Dental Care, a well‑established company.; NN Lease provides a passive income stream with limited landlord responsibilities (roof & structure only).; Strong retail location in Deer Park with established business since 2018.
