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$199.88
Days on Market170
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
Neighborhood
Cedar Crest
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
(214) 529-4565
Source:
Crexi
Added: May 8
Changed: Oct 18
Last Checked: Oct 23 at 7:13AM
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
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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 / Yr
$273,699
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
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
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 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 8.05%
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 42.02%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 $3,400,000.
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
