About This Restaurant
Investment Highlights
This retail building is located in Historic Downtown Denton. This area is a highly desirable location for retail, restaurant and office users with excellent foot traffic and vibrant activity.
Executive Summary
The subject property is a 100% NNN leased retail building. This is a unique opportunity to acquire a property in highly desirableDowntown Denton with a solid three tenant mix. This fully stabilized property also offers a buyer upside with rent escalationsin place.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 9,113
- Building Class B
- Year Built/Renovated 1930/2006
- Price 1,900,000
- Price Per SF 208
- Cap Rate 7.20
- NOI 136,831
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.75
- Land Acres 0.28 AC
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | R35487 | Improvements Assessment | $487,880 |
| Land Assessment | $768,456 | Total Assessment | $1,256,336 |
| Date Created: | 2024-07-16 04:23:43 | Last Updated: | 2024-07-16 04:23:43 |
| Address: | 222 W Hickory St , Denton, Texas, 76201 | ||