For Sale
$592,200

3801 Gus Thomasson Rd Mesquite, TX 75150

High-yield, two-tenant storefront

Overview

Added:
Dec 11, 2024
Days on market:
132
This Mesquite, Texas storefront presents a compelling investment opportunity with a stabilized 6.51% cap rate. The 2,520 square foot building, situated on an 11,000 square foot lot at 3801 Gus Thomasson Rd, zip code 75150, is currently 40% occupied by two tenants under a triple net (NNN) lease. The property boasts a strong pro-forma NOI of $38,528, reflecting a projected full occupancy at $15.00 per square foot base rent. Built in 1961, this single-story structure is zoned C - Commercial and features a newly installed Duro-Last roof and a recently renovated parking lot (2023). The asking price is $592,200, translating to $235 per square foot. This property is ideal for investors seeking a stable income stream and potential for future appreciation, or for an owner-occupant seeking both operational space and supplemental rental income. Detailed financial information is available upon request. The property is located in Dallas County.

Highlights

  • $592,200 asking price for a stabilized retail investment property.
  • 2,520 square foot storefront building with two tenants in Mesquite, TX.
  • 6.51% cap rate based on pro-forma occupancy.
  • NNN lease type with a current 40% occupancy rate.
  • $38,528 annual net operating income (NOI).
  • 11,000 square foot lot size.

Property Details for 3801 Gus Thomasson Rd

Property type
Retail properties, Retail space
Square Feet
2,520 SF
Year Built
1961
Stories
1
Units
2

Location Insight

City
Mesquite
County
Dallas
State
Texas
Latitude
32.815738620361
Longitude
-96.637341224944

FAQs

What type of property is this?
Retail property - High-yield, two-tenant storefront
Where is the retail property located?
The property is located at 3801 Gus Thomasson Rd Mesquite, TX.
What is the asking price?
The asking price for this property is $592,200.
What are key features of this property?
This property features: $592,200 asking price for a stabilized retail investment property.; 2,520 square foot storefront building with two tenants in Mesquite, TX.; 6.51% cap rate based on pro-forma occupancy.
How can I contact the broker?
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3801 Gus Thomasson Rd
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