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- LoopNet Team
3220 Teasley Ln
Denton, TX 76210
Teasley Commons · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased, 2017 Construction Retail Center in the Thriving Submarket of Denton, TX (DFW)
- Denton is Home to the University of North Texas & Texas Women’s University (51,000 Students Combined)
- Average Household Income Exceeds $106,800 in 1-Mile Radius
- Denton Ranked #2 “Top Boomtown in America” for 2019 by SmartAsset
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 3220 TEASLEY LN , DENTON, TX 76210
Teasley Commons is a 2017 construction, 13,517 square foot retail center located in the Dallas/Fort Worth suburb of Denton, Texas. Located approximately 35 miles northwest of downtown Dallas and 40 miles northeast of downtown Fort Worth, the Property positioned moments from Interstate 35 along Teasley Lane, one of Denton County’s primary community thoroughfares. Teasley Commons is 100% leased to a complementary mix of tenants including Club Pilates, Cycle Bar, Marco’s Pizza, Sweetwater’s Coffee & Tea, Its-a-Burger Prime Dentistry & Lone Star Naturals. Weighted average lease term for all tenants is 7.8 years with an average base lease term expiration of December 2026. Six out of seven tenants experience rent escalations in their primary terms and all tenants have renewal options. Rents average $25.09 PSF NNN which is below the average for comparable new construction small shop retail space in the area with rents averaging $30-$35 PSF NNN.
PROPERTY TAXES
| Parcel Number | R725084 | Improvements Assessment | $3,242,809 |
| Land Assessment | $800,720 | Total Assessment | $4,043,529 |
PROPERTY TAXES
