1801 Alice St
Denton, TX 76201
Papa Johns Pizza · Retail Property For Sale

Lease - Papa John’s performed an EARLY lease extension – They recently extended their lease for 5 years, one of the strongest attributes to recognize a high performing store - Proven Location – Papa John’s has operated at this site for nearly 25 years showing a strong commitment to the location - Perfect for an Out of State Investor – This is an absolute NNN property with zero landlord responsibilities Location - NCAA D-1 University Nearby – Property is located within 5 minutes of the University of North Texas and Texas Women’s College which have a combined enrollment of 50,000+ students. UNT generates an economic impact of $1.65 billion in the DFW area annually. - Explosive Growth – Population is expected to boom over 16.5% within a 1, 3, and 5-mile radius in the next 5 years. By 2023 the population will be nearly 140,000 people within a 5-mile radius. - Remarkable Traffic Counts – The property is situated off W University Dr that experiences 31,000 VPD - Dense Retail Corridor – Located directly across from a Kroger anchored shopping center with surrounding tenants such as Wells Fargo, Arby’s, Goodyear, Starbucks, Auto zone, McDonald’s, Walgreens, and more. Tenant - It is the third largest take-out and pizza delivery restaurant chain in the entire world. - Papa John’s is a publicly traded company that has a market cap of over $1.41B with annual revenue nearly $1.8B - Papa John’s American Customer Satisfaction Index (ACSI) score of 80 was the second highest score out of all the limited-service restaurants – including popular brands such as McDonald’s and Burger King.