3801 Gus Thomasson RdMesquite, TX 75150

For Sale
$592,200

High-yield, two-tenant storefront

Overview

Added:
Dec 11, 2024
Days on market:
92
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
Other retail properties, Individual retail properties
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
3801 Gus Thomasson Rd, Mesquite, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3801 Gus Thomasson Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message