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9888 Ferguson Rd Dallas, TX 75228

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For Sale
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10-Tenant Retail Center, High NOI

Property size:
37,281 SF

Property Features for 9888 Ferguson Rd

General Information

Property type
Lifestyle centers
Square Feet
37,281 SF
Class
B

Building Details

Year Built/Renovated
1960/2021
Stories
1
Units
10

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Listing Contact
Oliver Willman
Oliver Willman

Listing Agency: Matthews Real Estate Investment Services | Dallas Listing Agent: Oliver Willman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 37,281-square-foot shopping center in Dallas, Texas presents a compelling value-add opportunity. Located at 9888 Ferguson Rd, in the highly desirable Dallas County, this Class B, single-story property boasts a strong tenant mix of local and national businesses, many with over five years of occupancy. Currently operating at 94.42% occupancy, the center generates a substantial net operating income (NOI) of $434,485. The property features a diverse tenancy of 10 units, including a recently signed long-term lease with a national tenant, WellMed. Built in 1960 and renovated in 2021, including a new roof, the center benefits from a prime urban infill location, with a significant population (257,154 residents within a 5-mile radius) and high average household income ($95,400). The property's strategic location offers less than a 10-minute commute to Downtown Dallas. This net lease (NNN) investment presents significant upside potential through lease-up of existing vacancies, conversion of month-to-month leases, and rent increases to market rates. Furthermore, a potential pad site offers additional future development opportunities. The property is priced at $145 per square foot. This is a rare opportunity to acquire a well-positioned, income-producing asset with substantial growth potential in a thriving Texas market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Strike it Rich ... Bingo Hall Coin Cloud Bitcoin ... Currency Exchange Service Ferguson Village Shopping Center & Mall IGLESIA EVANGELICA FILADELFIA ... Church Restaurante Pollo Familiar Restaurant

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dallas
County
Dallas
State
Texas
Longitude
-96.6768996
Latitude
32.82243294

FAQs

What type of property is this?
Lifestyle center - 10-Tenant Retail Center, High NOI
Where is this lifestyle center located?
The property is located at 9888 Ferguson Rd Dallas, TX.
What are key features of this property?
This property features: Significant Value-Add Potential: Increase NOI through lease-up of vacant space and renegotiation of expiring leases.; Prime Urban Infill Location: Strong demographics within a 5-mile radius (257,154 residents, $95,400 avg. household income), less than 10 minutes from Downtown Dallas.; Development Upside: Includes a pad site with potential for future development.
(214) 227-6867 Call to check price and availability
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