3921 Gaston Ave - Bank FOR SALE


Dallas, TX 75246- Old East Dallas
$5,343,000 USD
214-675-3665
3921 Gaston Ave, Dallas, TX for Sale
$5,343,000 USD
Bank - FOR SALE
1/5
null | 5.25% Cap Rate

3921 Gaston Ave
Dallas, TX 75246
Old East Dallas


OVERVIEW

DuWest Realty Investment Services is pleased to present the opportunity to acquire a newly re-positioned, two-tenant, corporate-guaranteed net lease investment located in the core of Dallas along Gaston Avenue. The 5,320 square-foot property was formerly a bank branch and has been completely redeveloped and re-positioned for modern restaurant use, creating a highly functional quick-service retail asset with strong national tenancy. The property is 100% leased to two nationally recognized brands, Chipotle and Luna Grill, both operating under corporate guarantees. Chipotle features a new 15-year lease term with 10% rental increases every five years and four 5-year renewal options, creating long-term income stability and strong built-in rent growth. Luna Grill complements the tenancy with a 10-year lease term, 12.5% rental increases every five years, and two 5-year renewal options, further enhancing the property’s income profile and long-term investment appeal. Strategically positioned along Gaston Avenue, one of the primary commercial corridors serving the urban core of Dallas, the asset benefits from strong visibility and significant daily traffic volumes. The property sits within the immediate trade area of Baylor University Medical Center, one of the largest medical campuses in North Texas. The hospital employs more than 5,000 medical professionals, features over 900 beds, and sees more than 300,000 patients annually, creating a constant flow o f employees, visitors, and patients that supports strong daytime demand for quick-service dining. Additionally, the site benefits from an exceptional daytime population exceeding 311,000 people within a three-mile radius, driven by the surrounding medical district, office employment centers, and dense residential neighborhoods. This dynamic environment produces consistent lunchtime and daily dining traffic, m aking the location particularly well suited for fast-casual restaurant concepts. The combination of new construction adaptive reuse, corporate credit tenancy, longterm leases with contractual rent increases, and a premier infill medical district location positions this asset as a highly attractive opportunity for investors seeking stable, growing cash flow in Dallas’ core urban market.

FOR SALE DETAILS

PRICE

$5,343,000 USD

PRICE/SF

$1,022 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0007650A000010000

ASK ABOUT THIS PROPERTY

Will WaltersDuWest RealtyMore Info
214-675-3665

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Will WaltersDuWest RealtyMore Info
214-675-3665

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.