1400 - 1408 West Davis Street Dallas, Texas

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1400 - 1408 W Davis St

Address

1400 - 1408 W Davis St
Dallas, TX 75208

Executive Summary

1400 - 1408 West Davis Street (the “Property”) is a 12,430 square foot, single-story retail building located in the heart of North Oak Cliff, just west of the Bishop Arts District in Dallas, Texas. Positioned on a 0.43-acre lot with prominent frontage along W Davis Street (State Highway 180), the Property offers strong visibility and easy access in a high-traffic corridor surrounded by established residential neighborhoods and walkable local amenities.

The Property benefits from a central location with convenient access to major Dallas thoroughfares, including Interstate 30, Interstate 35E, and key urban districts such as Bishop Arts, Downtown, and Kessler Park. Originally constructed in 1937 and well-suited for retail or service-oriented tenants, the site presents a rare opportunity for repositioning or long-term hold in one of the city's most dynamic submarkets.

1400 West Davis Street represents a compelling value-add or owner-user opportunity within a rapidly evolving part of Dallas. With increasing demand from tenants seeking well-located, infill retail space, the Property offers upside potential through leasing, redevelopment, or adaptive reuse strategies.

Investment Highlights

Significant Anchor Re-Leasing Upside: Family Dollar’s lease expires in June 2029, with no renewal options available. The current rent of $11.65/SF is significantly below market. Renewal or re-tenanting at ~$28/SF could more than double rental income from the anchor space.

100% Leased Retail Strip Center: 12,430 SF fully occupied by three tenants: Family Dollar (anchor, 66.6% of GLA), Tienda la Campina, and Davis Smoke Shop. Provides immediate, stable cash flow.

Highly Desirable Urban Infill Location: Located in a densely populated Dallas neighborhood with strong demand drivers and limited competing supply.

Predictable Value-Add Opportunity: Projected Year 6 NOI of $403,374 with potential reversion value of $5.2M (based on a 7.75% cap), offering a clear path to increased returns through rent growth and lease rollover.

Prime Location with Excellent Connectivity: Strategically situated southwest of Downtown Dallas, the property offers easy access to neighborhoods like Downtown and Uptown, as well as major thoroughfares connecting to the Dallas/Fort Worth Metroplex.