NNN Property with
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9210 East R L Thornton Freeway, Dallas, TX 75228
Restaurant facility subject to a long-term lease with scheduled 1.00% annual increases.
Property Size3,568 SF
Price / SF$602.58
Days on Market57
Property Features for 9210 East R L Thornton Freeway
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$135,554
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Cassandra Mosser · License #AZ SA677563000
Source:
Crexi
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 3:52PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property includes a Taco Cabana restaurant building containing approximately 3,568 rentable square feet on an estimated .71-acre parcel. Constructed in 2005, the improvement is subject to a 20-year Triple Net lease that began on 3/29/2006.
Located at 9210 East R L Thornton Freeway in Dallas, Texas, the site offers a single-tenant restaurant configuration under an established NNN lease structure. The lease includes scheduled annual increases of 1.00%, providing a defined escalation schedule over the lease term.
Located at 9210 East R L Thornton Freeway in Dallas, Texas, the site offers a single-tenant restaurant configuration under an established NNN lease structure. The lease includes scheduled annual increases of 1.00%, providing a defined escalation schedule over the lease term.
Key Highlights
- 3,568 rentable square feet of restaurant building space
- Estimated .71‑acre parcel
- 20‑year Triple Net (NNN) lease commenced 3/29/2006
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
$61,447
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
2.86%
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%
$1,228,940
$1.2M
Cap Rate 7%
$877,814
$877.8K
Cap Rate 9%
$682,744
$682.7K
Market Conditions
NOI Build-Up for 3,568 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
$86.1K $24.12/SF
− Vacancy
−$4.1K −$1.16/SF
EGI
$81.9K $22.96/SF
− OpEx
−$20.5K −$5.74/SF
NOI
$61.4K $17.22/SF
Area
ZIP 75228
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$1,228,940
Cap Rate 7%
$877,814
Cap Rate 9%
$682,744
Alternative Uses
Best Use
Specialty Retail
$877.8K
$768.1K – $1.02M
NOI $61,447 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,377 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
509k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 56%
Shops & Services 23%
Dining 12%
Groceries 4%
Walmart
Superstores
153,229 visits/mo
0.2 miles
Sam's Club
Superstores
132,634 visits/mo
0.1 miles
QuikTrip
Shops & Services
55,799 visits/mo
0.3 miles
Panda Express
Dining
24,665 visits/mo
0.1 miles
La Michoacana Meat Market
Groceries
19,727 visits/mo
0.3 miles
Demographics for 75228, TX
68,219
Population
27,329
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
11.4 sq mi
ZIP Area
5,984
Density / Sq Mi
$59,617
Median Household Income
$36,862
Median Earnings
$1,196
Median Rent
$259,500
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?
NNN property - Restaurant facility subject to a long-term lease with scheduled 1.00% annual increases.
Where is this nnn property located?
The property is located at 9210 East R L Thornton Freeway Dallas, TX.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 3,568 rentable square feet of restaurant building space; Estimated .71‑acre parcel; 20‑year Triple Net (NNN) lease commenced 3/29/2006
