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1438 Oates Dr 7,750 SF Retail Building Mesquite, TX 75150 $3,500,000 ($451.61/SF) 8.09% Cap Rate

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Investment Highlights

  • Strategic Location: Minutes from I-635, Town East Mall, and Mesquite Arena
  • High Visibility: Situated in a bustling corridor with strong traffic counts
  • Leased by a National Tenant
  • Tenant Occupied: Immediate rental income from day one with 8% CAP
  • Tenant is on a NNN Lease paying all expenses

Executive Summary

Turnkey Investment Opportunity! Prime commercial property in Mesquite, TX, currently leased to a reliable tenant. This is your chance to own a cash-flowing asset in one of the fastest-growing suburbs of Dallas. Mesquite offers a thriving business environment with steady growth and excellent connectivity to Dallas. With a tenant already in place on a NNN Lease, this property provides instant returns and long-term appreciation potential.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
7,750 SF
Building Class
C
Year Built
1986
Price
$3,500,000
Price Per SF
$451.61
Cap Rate
8.09%
NOI
$283,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.68 AC
Zoning
GR
Parking
36 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
107’ on Oates Dr

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Patriot Bank
  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Huntington Bank operates this location through the legacy Cadence Bank branch network following the merger of Cadence Bank into Huntington. Originally founded in 1876, Cadence Bank expanded into a regional institution with a strong presence across the southeastern United States before joining Huntington Bank. The Tupelo branch at 201 S Spring Street continues to offer full-service retail and commercial banking, including checking and savings accounts, loans, and treasury services. The integration into Huntington Bank brings expanded digital tools, broader lending resources, and increased operational scale while maintaining the relationship-driven service model historically associated with Cadence. As a privately held financial institution, Huntington Bank provides a broad range of consumer, commercial, and wealth management services supported by a multi-state branch network. This location operates as a full-service brick-and-mortar branch serving customers in northeast Mississippi.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Patriot Bank Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

Waffle House
Cracker Barrel Old Country Store

Property Taxes

Property Taxes

Parcel Number
38153520010030000
Land Assessment
$352,880
Improvements Assessment
$1,347,120
Total Assessment
$1,700,000
  • Listing ID: 38795320

  • Date on Market: 12/16/2025

  • Last Updated:

  • Address: 1438 Oates Dr, Mesquite, TX 75150

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