Wheatland Marketplace — Sale in Dallas, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Dallas, TX 75237

Photos

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Investment Figures

Cap rate
5.79%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Wheatland Marketplace, a 40,030-square-foot multi-tenant retail center located at 3207 & 3215 Kirnwood Drive in Dallas, Texas. Situated on approximately 3.78 acres, the property is strategically positioned immediately adjacent to The Home Depot and just off Interstate 20 at Wheatland Road, within an established southwest Dallas retail corridor. Wheatland Marketplace is currently 83 percent occupied by a diverse mix of restaurant, medical, personal-service and value-oriented retail tenants. Approximately 6,888 square feet is available across four suites, providing an immediate lease-up opportunity, while below-market in-place rents offer additional potential upside through future renewals and rent mark-to-market. The property benefits from substantial surrounding retail traffic, including an estimated one million annual visits to the adjacent Home Depot, along with exposure to Interstate 20, which carries approximately 176,716 vehicles per day. More than 241,000 residents live within five miles of the property, further supporting the center’s service-oriented and daily-needs tenant base. Investment Highlights: • HOME DEPOT SHADOW-ANCHORED RETAIL CENTER • COMPELLING LEASE-UP & MARK-TO-MARKET OPPORTUNITY • ESTABLISHED INFILL RETAIL CORRIDOR • METAL ROOFS ON BOTH BUILDINGS • DENSE SOUTHWEST DALLAS TRADE AREA

Market Context

This retail in Dallas, TX is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Dallas, TX — view the full market.

As of Q4 2025, the Dallas / Fort Worth retail market showed a 5.0% vacancy rate, average asking rents near $15.71/SF/yr, rents up 4.9% year over year, and cap rates around 6.8%. Source: multiple brokerage reports, Q4 2025.

Its 5.8% asking cap rate is below the Dallas / Fort Worth retail market average of about 6.8%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Dallas / Fort Worth?
About 6.8% as of Q4 2025, per multiple brokerage reports.
Is the Dallas / Fort Worth retail market tightening or softening?
Vacancy is around 5.0%, with asking rents rising year over year (Q4 2025).

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