Open Sat
$5,000,000
7.0% cap · 12,440 sq ft RBA · Class B
2380 Cedar Springs Rd
Dallas, TX 75219
Listed 4 weeks ago$402/sq ft
01 / 05
For SaleRetail
$5,070,000
347 N Henderson Ave
Bishop Arts District · Dallas, TX 75214
$268/sq ft11 days on market924 views42 saves
Key facts
- Interior
- 18,900 sq ft
- Lot
- 0.61 acres
- Year built
- 1979
- Property type
- Retail
- Price / sq ft
- $268/sq ft
- Annual taxes
- $88,220
- Days on market
- 11
Getting around
Walk Score74
Very Walkable
Transit Score45
Some Transit
Bike Score63
Bikeable
About this property
6 tenants, 18,900 rentable square feet, and a NNN structure that keeps the operating burden where it belongs. Zoning and the drive-thru leave the door open for a future repositioning. Seller will consider a structured sale-leaseback.
Investment summary
Investment summary
Cap rate
7.70%
Net operating income ÷ price
Net operating income
$390,390
Annual, after operating expenses
Cash-on-cash
+6.3%
$96,145 annual cash flow on $1,521,000 equity
Occupancy62%
11,718 sq ft leased of 18,900 sq ft
- Tenants
- 6
- Rentable area
- 18,900 sq ft
- Price / sq ft
- $268/sq ft
- WALE
- 5.3 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- B1-2
- Parking
- 110 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $294,245 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
- Anchored Center
- Drive-Thru
- Monument Signage
- Signalized Corner
- Opportunity Zone
- Below-Market Rents
- 24/7 Card Access
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2020-03-30 | Sold | $2,682,000 |
| 2026-07-14 | Listed | $5,070,000 |
Location
Bishop Arts District, Dallas — Dallas County
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Approximate location · Bishop Arts District
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Estimated monthly
$34,201/mo
- Principal & interest74%$25,371
- Property tax21%$7,352
- Home insurance4%$1,479
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $4,056,000 · 30 yr · 6.40%
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