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2430 E Interstate 35 S
Denton, TX 76205
Southridge Village Shopping Center · Retail Property For Sale
Investment Highlights
- Mark-to-Market Opportunity
- Built-In Rental Increases
- Strong Historical Tenancy
- High-Traffic Retail Corridor
Executive Summary
Mark-to-Market Opportunity– Below-market rents combined with staggered lease rollover provide new ownership the ability to increase rents and drive NOI growth over time.
Strong Historical Tenancy– 13 of 23 tenants have operated at the Property for 10+ years, with 9 tenants in place for over 20 years, demonstrating exceptional tenant retention and long-term stability.
Built-In Rental Increases - The majority of leases feature healthy contractual rent escalations within the primary term, providing consistent organic NOI growth.
Strong Historical Tenancy– 13 of 23 tenants have operated at the Property for 10+ years, with 9 tenants in place for over 20 years, demonstrating exceptional tenant retention and long-term stability.
Built-In Rental Increases - The majority of leases feature healthy contractual rent escalations within the primary term, providing consistent organic NOI growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
54,025 SF
Building Class
B
Year Built
1987
Price
$13,075,000
Price Per SF
$242.02
Cap Rate
7.25%
NOI
$947,938
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
3.67 AC
Zoning
GR, Denton - General Retail
Parking
500 Spaces (9.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | R128441 | Improvements Assessment | $5,359,454 |
| Land Assessment | $2,240,546 | Total Assessment | $7,600,000 |
Property Taxes
Parcel Number
R128441
Land Assessment
$2,240,546
Improvements Assessment
$5,359,454
Total Assessment
$7,600,000
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