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706 E McKinney St 6,243 SF Retail Building Denton, TX 76209 $1,400,000 ($224.25/SF) 6.99% Cap Rate
Investment Highlights
- NNN Investment
- 6,243 SF industrial building
- Prime Location
Executive Summary
Strandes Garage has been a staple in the Denton Market since 1962. It's prime location and visibility are known across Denton County. WIth a new 5 year lease in place that has 3% annual bumps. The proven tenant sets up a great investment opportunity. 6,243 sqft of Industrial use is as versatile as it comes.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,243 SF
Building Class
B
Year Built
1990
Price
$1,400,000
Price Per SF
$224.25
Cap Rate
6.99%
NOI
$97,860
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.43 AC
Zoning
MN - Mixed-Use Neighborhood
Frontage
146’ on E McKinney St
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R32811 | Improvements Assessment | $238,594 |
| Land Assessment | $213,792 | Total Assessment | $452,386 |
Property Taxes
Parcel Number
R32811
Land Assessment
$213,792
Improvements Assessment
$238,594
Total Assessment
$452,386
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