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5005 Teasley Ln
Denton, TX 76210
Chase Bank | Denton, TX · Retail Property For Sale
Investment Highlights
- Corporately guaranteed by JPMorgan Chase N.A., an investment grade credit tenant rated “A+” by Standard & Poor’s
- Ideally located as a pad site to Kroger with additional retailers including Walgreens, McDonald’s, Smoothie King, Starbucks, Wendy's and Sprouts
- Population growth of 2%+ annually in the 1,3 and 5 mile rings and projected to continue through 2025
- 10% rental increase in each December 2024 and in each of the four, five year options to renew
- The property is situated in the Dallas MSA and features 13,678 people within 1 mile of the site and 150,164 people within 5 miles
- The property benefits from having four drive thru lanes | Drive thru’s have become increasingly important to tenants throughout the COVID-19 Pandemic
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
4,556 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.08 AC
Zoning
MN - Mixed Use Neighborhood
Parking
16 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
138’ on Teasley Ln
Amenities
- Banking
- Drive Thru
Property Taxes
| Parcel Number | R584978 | Improvements Assessment | $1,295,444 |
| Land Assessment | $846,806 | Total Assessment | $2,142,250 |
Property Taxes
Parcel Number
R584978
Land Assessment
$846,806
Improvements Assessment
$1,295,444
Total Assessment
$2,142,250
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