Leased Retail Strip
For Sale
Contact for pricing
8702 S Lancaster Rd, Dallas, TX 75241
Single-story masonry strip center built in 2009, 100% leased under NNN terms with a major anchor in place through 2030.
Property Size17,010 SF
Price / SF$205.76
Days on Market123
Property Features for 8702 S Lancaster Rd
General Information
Standard status
Active
Size
17,010 SF
Class
B
Total Parking Spaces
85
Property subtype
Retail, Office, Mixed Use
Zoning
CS
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$242,691
Site & Location
Traffic Count
149,000 vehicles/day
Highway Access
Yes
Amenities
monument signage
surface parking
Building Details
Year Built
2009
Buildings
1
Units
85
Tenancy
Multi
Construction
masonry
Listing Agency:
Beam Real Estate
Listed By:
jose thankachan · License #TX 0528492
(972) 484-6644
Source:
Crexi
Added: May 8
Changed: Aug 31
Last Checked: Sep 7 at 7:48AM
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 Beam Real Estate
Investment Insights
Based on property information with market context.
This suburban retail strip center was built in 2009 with durable masonry construction and is offered for sale as a fully leased property. The center is under a triple net (NNN) structure, with $6.75 per square foot CAM, and currently operates at 100% occupancy with national and service-oriented local tenants.
A 5,000 square foot liquidation store serves as an anchor, with a lease term through January 2030. Additional tenants listed include Mint Dentistry, MetroPCS/T-Mobile, and Cricket Wireless. The property features monument signage, ample surface parking, and 75 feet of frontage along S Lancaster Rd.
Strategically located near major Dallas–Fort Worth corridors, the center provides easy access to Interstate 20, I-35e, and I-45, with traffic counts exceeding 149,000 vehicles per day within a third of a mile, supporting consistent neighborhood and corridor retail demand.
A 5,000 square foot liquidation store serves as an anchor, with a lease term through January 2030. Additional tenants listed include Mint Dentistry, MetroPCS/T-Mobile, and Cricket Wireless. The property features monument signage, ample surface parking, and 75 feet of frontage along S Lancaster Rd.
Strategically located near major Dallas–Fort Worth corridors, the center provides easy access to Interstate 20, I-35e, and I-45, with traffic counts exceeding 149,000 vehicles per day within a third of a mile, supporting consistent neighborhood and corridor retail demand.
Key Highlights
- 17,009 SF single‑story masonry retail strip center built in 2009
- Currently 100% leased with national and service‑oriented local tenants
- NNN (triple net) lease structure with $6.75/SF CAM
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
$273,699
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
7.82%
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%
$5,473,980
$5.5M
Cap Rate 7%
$3,909,986
$3.9M
Cap Rate 9%
$3,041,100
$3.0M
Market Conditions
NOI Build-Up for 17,010 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
$410.3K $24.12/SF
− Vacancy
−$19.3K −$1.13/SF
EGI
$391.0K $22.99/SF
− OpEx
−$117.3K −$6.90/SF
NOI
$273.7K $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 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%
$5,473,980
Cap Rate 7%
$3,909,986
Cap Rate 9%
$3,041,100
Alternative Uses
Best Use
Retail
$3.91M
$3.42M – $4.56M
NOI $273,699 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.41M
$17.86M – $23.81M
NOI $1,428,742 @ 7.0% cap · market cap 40.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
149,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
125k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 37%
Electronics 4%
McDonald's
Dining
34,966 visits/mo
0.2 miles
Exxon
Shops & Services
21,979 visits/mo
0.4 miles
Whataburger
Dining
16,453 visits/mo
0.1 miles
Chevron
Shops & Services
12,951 visits/mo
0.4 miles
SONIC Drive In
Dining
8,441 visits/mo
0.0 miles
Demographics for 75241, TX
32,944
Population
11,151
Households
3
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
25.3 sq mi
ZIP Area
1,302
Density / Sq Mi
$51,171
Median Household Income
$31,426
Median Earnings
$1,208
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Single-story masonry strip center built in 2009, 100% leased under NNN terms with a major anchor in place through 2030.
Where is this strip mall located?
The property is located at 8702 S Lancaster Rd Dallas, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 17,009 SF single‑story masonry retail strip center built in 2009; Currently 100% leased with national and service‑oriented local tenants; NNN (triple net) lease structure with $6.75/SF CAM
