Two-Tenant NNN Investment
For Sale
Contact for pricing
3760-3764 W Northwest Hwy, Dallas, TX 75220
Fee simple two-tenant NNN investment with a Mint Dentistry tenant holding over 3 years remaining and extension options.
Property Size7,005 SF
Price / SF$456.82
Days on Market369
Property Features for 3760-3764 W Northwest Hwy
General Information
Standard status
Active
Size
7,005 SF
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners - Corporate
(214) 560-3200
Listed By:
Michael Kaplan
(214) 560-6900
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Sep 3
Last Checked: Sep 13 at 7:31AM
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 SRS Real Estate Partners - Corporate
Investment Insights
Based on property information with market context.
A two-tenant NNN investment property offered as a fee simple purchase (land and building ownership). The tenant, Mint Dentistry, PLLC, is under a lease with over 3 years of term remaining and includes 2 (10-year) options to extend, reflecting continuity of occupancy. The lease is structured as NNN, with limited landlord responsibilities.
The property consists of 7,005 square feet and is located at 3760-3764 W Northwest Hwy, Dallas, TX 75220. The offering is positioned as a value-add investment focused on long-term tenant commitment and lease extension periods.
Overall, this is a straightforward, two-tenant NNN ownership opportunity with defined lease remaining term and two long-duration option periods.
The property consists of 7,005 square feet and is located at 3760-3764 W Northwest Hwy, Dallas, TX 75220. The offering is positioned as a value-add investment focused on long-term tenant commitment and lease extension periods.
Overall, this is a straightforward, two-tenant NNN ownership opportunity with defined lease remaining term and two long-duration option periods.
Key Highlights
- Fee simple ownership (land and building) for a two‑tenant NNN investment
- Mint Dentistry, PLLC lease has over 3 years of term remaining
- Includes 2 (10‑year) options to extend
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
$90,785
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
2.84%
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%
$1,815,700
$1.8M
Cap Rate 7%
$1,296,929
$1.3M
Cap Rate 9%
$1,008,722
$1.0M
Market Conditions
NOI Build-Up for 7,005 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
$168.1K $24.00/SF
− Vacancy
−$16.8K −$2.40/SF
EGI
$151.3K $21.60/SF
− OpEx
−$60.5K −$8.64/SF
NOI
$90.8K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,815,700
Cap Rate 7%
$1,296,929
Cap Rate 9%
$1,008,722
Alternative Uses
Best Use
Office B
$5.75M
$5.03M – $6.71M
NOI $402,726 @ 7.0% cap · market cap 12.59%
Second Best
Healthcare Medical
$1.30M
$1.13M – $1.51M
NOI $90,785 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$8.41M
$7.35M – $9.81M
NOI $588,380 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 75220, TX
39,627
Population
15,589
Households
2.5
Avg Household Size
32
Median Age
23%
College-Educated
61%
High-School Grad
11.3 sq mi
ZIP Area
3,507
Density / Sq Mi
$57,787
Median Household Income
$33,127
Median Earnings
$1,164
Median Rent
$449,500
Median Home Value
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple two-tenant NNN investment with a Mint Dentistry tenant holding over 3 years remaining and extension options.
Where is this nnn property located?
The property is located at 3760-3764 W Northwest Hwy Dallas, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Fee simple ownership (land and building) for a two‑tenant NNN investment; Mint Dentistry, PLLC lease has over 3 years of term remaining; Includes 2 (10‑year) options to extend
