Leased Retail Strip
8702 S Lancaster Rd Dallas, TX 75241
For Sale
Contact for pricing
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$219.28
Days on Market78
Property Features for 8702 S Lancaster Rd
General Information
- Standard status
- Active
- Size
- 17,010 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2009
Listing Agency:
Beam Real Estate
(972) 484-6644
Listed By:
jose thankachan · License #TX 0528492
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 11:28AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $410.3k | $24.12 |
| − Vacancy | −$19.3k | −$1.13 |
| EGI | $391.0k | $22.99 |
| − OpEx | −$117.3k | −$6.90 |
| NOI | $273.7k | $16.09 |
17,010 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.91M
$3.42M – $4.56M
NOI $273,699 @ 7.0% cap · market cap 7.34%
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 38.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cricket Wireless Authorized ...
Mobile Phone Store
INITA M GRIFFIN
Physician
Rose hair & nail ...
Hair Salon
J J's Chicken ...
Restaurant
Tacos la welta
Restaurant
FAQs
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 $3,730,000.
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
