Single-Tenant NNN Retail
New
For Sale
$2,000,000
4408 Gaston Ave, Dallas, TX 75246
A 2025 renovation and triple-net lease combine updated improvements with a structure requiring minimal landlord involvement.
Property Size4,826 SF
Lot Size0.28 Acres
Price / SF$414.42
Days on Market4
Property Features for 4408 Gaston Ave
General Information
Standard status
Active
Size
4,826 SF
Lot size
0.28 Acres
Property subtype
Urban-High Street
Additional Details
Cap Rate
6.96%
Amenities
Single-Tenant NNN Retail Investment Opportunity
Listing Price: $2,000,000 | Cap Rate: 6.96% | NOI: $139,182
4,826-SF Building | Situated on 0.28 Acres Along Gaston Avenue
Prime Old East Dallas Location Near Baylor University Medical Center
Excellent Visibility and Accessibility Within a Dense Urban Corridor
Surrounded by Downtown Dallas, Lakewood, Lower Greenville and Deep Ellum
Building Details
Building Size
4,826 SF
Year Built
1970
Year Renovated
2025
Tenancy
Single
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Joe Santelli · License #License(s): TX: 664135, FL: SL3568387, TX: 664135-B
(972) 755-5282
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 5 at 3:08PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
At 4408 Gaston Ave, this single-tenant retail property contains 4,826 square feet on a 0.28-acre site. Constructed in 1970 and renovated in 2025, the building is leased under a triple-net structure, with minimal landlord responsibilities described for the arrangement.
The property fronts Gaston Avenue in Old East Dallas. Nearby destinations identified include Baylor University Medical Center, Downtown Dallas, Lakewood, Lower Greenville, and Deep Ellum.
The property fronts Gaston Avenue in Old East Dallas. Nearby destinations identified include Baylor University Medical Center, Downtown Dallas, Lakewood, Lower Greenville, and Deep Ellum.
Key Highlights
- 4,826‑square‑foot retail property on 0.28 acres
- Single‑tenant occupancy under a triple‑net lease
- Renovated in 2025; originally built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,653
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,060
$1.6M
Cap Rate 7%
$1,109,329
$1.1M
Cap Rate 9%
$862,811
$862.8K
Market Conditions
NOI Build-Up for 4,826 SF
Gross rent
$116.4K $24.12/SF
− Vacancy
−$5.5K −$1.13/SF
EGI
$110.9K $22.99/SF
− OpEx
−$33.3K −$6.90/SF
NOI
$77.7K $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%
$1,553,060
Cap Rate 7%
$1,109,329
Cap Rate 9%
$862,811
Alternative Uses
Best Use
Retail
$1.11M
$970.7K – $1.29M
NOI $77,653 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,356 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,125
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 35%
Groceries 25%
Electronics 2%
McDonald's
Dining
30,208 visits/mo
0.4 miles
El Rancho Supermercado
Groceries
27,293 visits/mo
0.3 miles
Aldi
Groceries
18,111 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,095 visits/mo
0.3 miles
Starbucks
Dining
14,024 visits/mo
0.3 miles
Demographics for 75246, TX
2,458
Population
1,545
Households
1.6
Avg Household Size
38
Median Age
23%
College-Educated
79%
High-School Grad
0.5 sq mi
ZIP Area
4,916
Density / Sq Mi
$49,665
Median Household Income
$38,088
Median Earnings
$1,045
Median Rent
$449,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - A 2025 renovation and triple-net lease combine updated improvements with a structure requiring minimal landlord involvement.
Where is this retail space located?
The property is located at 4408 Gaston Ave Dallas, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,826‑square‑foot retail property on 0.28 acres; Single‑tenant occupancy under a triple‑net lease; Renovated in 2025; originally built in 1970
