Freestanding Single-Tenant
For Sale
Contact for pricing
4350 Belt Line Rd, Dallas, TX 75001
Proposed absolute NNN structure features annual escalations and no landlord obligations.
Property Size9,496 SF
Price / SF$477.04
Days on Market11
Property Features for 4350 Belt Line Rd
General Information
Standard status
Active
Size
9,496 SF
Property subtype
RETAIL
Listing Agency:
Eureka Business Group
(903) 600-0616
Listed By:
Joseph Gozlan · License #0593483
(903) 600-0616
Source:
Moodyscre
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 31 at 7:47PM
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 Eureka Business Group
Investment Insights
Based on property information with market context.
This 9,496-square-foot freestanding restaurant occupies 2.085 acres and is configured for a single tenant. The property includes 137 parking spaces and has operated with the current operator established at the site since 2018. A proposed absolute NNN structure provides no landlord obligations, with 2.5% annual compounding escalations and both personal and business guaranties.
The property is located at 4350 Belt Line Rd in Dallas, within Addison Restaurant Row. Belt Line Road exposure is associated with approximately 35,000 VPD, and the site offers access to the Dallas North Tollway. Excess land at the rear may support a future pad, subject to City of Addison approval.
The property is located at 4350 Belt Line Rd in Dallas, within Addison Restaurant Row. Belt Line Road exposure is associated with approximately 35,000 VPD, and the site offers access to the Dallas North Tollway. Excess land at the rear may support a future pad, subject to City of Addison approval.
Key Highlights
- 9,496 SF freestanding restaurant on 2.085 AC
- 137 parking spaces with full‑building single‑tenant occupancy
- Proposed absolute NNN structure with no landlord obligations
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
$163,537
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
3.61%
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%
$3,270,740
$3.3M
Cap Rate 7%
$2,336,243
$2.3M
Cap Rate 9%
$1,817,078
$1.8M
Market Conditions
NOI Build-Up for 9,496 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
$229.0K $24.12/SF
− Vacancy
−$11.0K −$1.16/SF
EGI
$218.0K $22.96/SF
− OpEx
−$54.5K −$5.74/SF
NOI
$163.5K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$3,270,740
Cap Rate 7%
$2,336,243
Cap Rate 9%
$1,817,078
Alternative Uses
Best Use
Specialty Retail
$2.34M
$2.04M – $2.73M
NOI $163,537 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.39M
$9.97M – $13.29M
NOI $797,609 @ 7.0% cap · market cap 17.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,944
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Leisure 16%
Hotels & Casinos 8%
Beauty & Spa 2%
AMC Village On The Parkway 9
Leisure
22,981 visits/mo
0.5 miles
Pluckers Wing Bar
Dining
20,016 visits/mo
0.5 miles
Lazy Dog Restaurant & Bar
Dining
14,835 visits/mo
0.4 miles
RA Sushi Bar Restaurant
Dining
13,511 visits/mo
0.4 miles
Chuy's
Dining
12,236 visits/mo
0.5 miles
Demographics for 75001, TX
16,528
Population
10,590
Households
1.6
Avg Household Size
34
Median Age
61%
College-Educated
97%
High-School Grad
3.8 sq mi
ZIP Area
4,349
Density / Sq Mi
$82,577
Median Household Income
$55,977
Median Earnings
$1,717
Median Rent
$455,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sigree Grill Indian Restaurant and Banquet — 4145 Belt Line Rd Ste 218, Dallas, TX 75001
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Proposed absolute NNN structure features annual escalations and no landlord obligations.
Where is this conventional restaurant located?
The property is located at 4350 Belt Line Rd Dallas, TX.
What is the asking price?
The asking price for this property is $4,530,000.
What are key features of this property?
This property features: 9,496 SF freestanding restaurant on 2.085 AC; 137 parking spaces with full‑building single‑tenant occupancy; Proposed absolute NNN structure with no landlord obligations
