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Viridian Marketplace 500 Fort Worth Dr 13,388 SF 100% Leased 4-Star Retail Building Denton, TX 76201 $6,466,000 ($482.97/SF) 6.65% Cap Rate
Investment Highlights
- Strong Fundamentals on an Oversized +/-1.836-Acre Parcel
- All Tenants Experiencing Annual Rent Bumps During Primary Term
- Minutes from The University of North Texas (UNT) in Denton; The 4th largest University in Texas
- Complementary Tenant Mix with WellMed (Corporate), Avoca Coffee (4 Locations Across DFW), & Universal Smoke & Vape (4 Locations Across DFW
- Benefits from Parallel Positioning to Fort Worth Road (28,700+ VPD), Partial Masonry Construction & a Drive Thru + Outdoor Patio for Avoca Coffee
- Two (2) Brand New H-E-B Grocery Openings in Denton
Executive Summary
100% Leased, 3-Tenant Retail Center | 2020 Construction | Average Lease Term Expiration May 2031 | Drive-Thru End Cap
Located in the Growing Submarket of Denton, TX | Denton is the 20th Most Populous City in Texas (DEDC) | 30 Minutes from DWF Internation Airport & Dallas Love Field | 31% Population Increase Since 2010
Located in the Growing Submarket of Denton, TX | Denton is the 20th Most Populous City in Texas (DEDC) | 30 Minutes from DWF Internation Airport & Dallas Love Field | 31% Population Increase Since 2010
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
13,388 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$6,466,000
Price Per SF
$482.97
Cap Rate
6.65%
NOI
$429,997
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.84 AC
Zoning
DC-G - Commercial
Parking
103 Spaces (72.18 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Avoca Coffee Roasters
- Accommodation and Food Services
- -
- -
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Lorem Ipsum
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Jan 0000
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- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
WellMed began in 1990 as a single clinic built around proactive, preventive care for older adults. The company now operates as a health care delivery organization with a physician-led model that focuses on primary care, coordinated services, and strong patient relationships. Its business includes medical group care, management service functions, and delegated services for Medicare Advantage plans, along with specialties such as cardiology, podiatry, dermatology, rheumatology, neurology, palliative care, wound care, and hospital medicine. WellMed serves patients across Texas and Florida and also supports seniors and caregivers through a charitable foundation.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Avoca Coffee Roasters | Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 6
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