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222 W Hickory St 9,113 SF 100% Leased Retail Building Denton, TX 76201 $1,900,000 ($208.49/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- This retail building is located in Historic Downtown Denton.
- This area is a highly desirable location for retail, restaurant and office users with excellent foot traffic and vibrant activity.
EXECUTIVE SUMMARY
The subject property is a 100% NNN leased retail building. This is a unique opportunity to acquire a property in highly desirable
Downtown Denton with a solid three tenant mix. This fully stabilized property also offers a buyer upside with rent escalations
in place.
Downtown Denton with a solid three tenant mix. This fully stabilized property also offers a buyer upside with rent escalations
in place.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,113 SF
Building Class
B
Year Built/Renovated
1930/2006
Price
$1,900,000
Price Per SF
$208.49
Cap Rate
7.30%
NOI
$138,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.28 AC
Zoning
MD
Parking
80 Spaces (8.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R35487 | Improvements Assessment | $840,568 |
| Land Assessment | $487,880 | Total Assessment | $1,328,448 |
PROPERTY TAXES
Parcel Number
R35487
Land Assessment
$487,880
Improvements Assessment
$840,568
Total Assessment
$1,328,448
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222 W Hickory St
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