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111 W Hickory St 5,733 SF 100% Leased Retail Building Denton, TX 76201 $2,900,000 ($505.84/SF) 6.52% Cap Rate
Executive Summary
111 W Hickory is an opportunity to own a piece of real estate on the Historic Downtown Denton Square with in place rent from a proven tenant. LSA Burger Co. occupies both 111 W Hickory and the neighboring 113 W Hickory (not part of sale). 111 W Hickory is a mission critical piece of the vibrant LSA Burger Co. business, housing cold storage, private dining room, office space, elevator and half of LSA's iconic rooftop dining and entertainment.
The Historic Downtown Denton Square is home to restaurants, retail, office and apartments. The walkability is a highlight of the Square, and LSA Burger Co. has been a vital piece of the revitalization of Downtown Denton since opening its doors in November of 2013.
The Historic Downtown Denton Square is home to restaurants, retail, office and apartments. The walkability is a highlight of the Square, and LSA Burger Co. has been a vital piece of the revitalization of Downtown Denton since opening its doors in November of 2013.
Property Facts
Sale Type
Investment
Property Type
Building Size
5,733 SF
Year Built/Renovated
1900/2026
Price
$2,900,000
Price Per SF
$505.84
Cap Rate
6.52%
NOI
$189,189
Percent Leased
100%
Building Height
2 Stories
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 6
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