For Sale
$1,090,000

3827 Lancaster Rd Dallas, TX 75216

Fully leased, 4 tenants, strong ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This Dallas, Texas shopping center presents a compelling value-add investment opportunity. The 4,156 square foot, single-story building sits on a prime .45-acre lot and boasts 100% occupancy with four tenants under three-year leases. The property, renovated in 2023, features a new roof and offers a current net operating income (NOI) of $96,000, translating to an 8.81% capitalization rate. Pro forma NOI is projected at $128,888, resulting in a pro forma cap rate of 11.82%. The asking price is $1,090,000, or $262.27 per square foot. The property is zoned for retail use and is located at 3827 S Lancaster Rd, Dallas, TX 75216. Owner financing is available to qualified buyers with a 30% down payment. All information should be independently verified.

Highlights

  • 8.81% Cap Rate
  • 100% Occupancy

Property Details for 3827 Lancaster Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,156 SF
Class
B
Year Renovated
2023
Buildings
1
Stories
1

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.7019354
Longitude
-96.7979776

FAQs

What type of property is this?
Lifestyle center - Fully leased, 4 tenants, strong ROI.
Where is the lifestyle center located?
The property is located at 3827 Lancaster Rd Dallas, TX.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: 8.81% Cap Rate; 100% Occupancy;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3827 Lancaster Rd
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