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109 W Hickory St 7,450 SF Retail Building Denton, TX 76201 $3,113,100 CAD ($417.87 CAD/SF) 6.08% Cap Rate
Investment Highlights
- ?100% Leased NNN Investment
- ?Located on the Historic Downtown Denton Square
- ?Building has never before been marketed For Sale
- ?Leased through August 2031
- Only two owners in the last 130 plus years
Executive Summary
The building is +/- 3,000 SF on both its first and second floors, and includes +/- 1,450 SF of basement space.? Norman Roscoe has been at the location since 2019 and recently executed a new five-year NNN Lease for the entire 7,450 SF.? The Lease runs through August 2031 and provides steady in place cash flow on an irreplaceable piece of real estate.?
The Evers Building is located on the Historic Downtown Square in Denton, TX.? With roots dating back to the 1800's this building is more than a piece of real estate, it is a piece of history.? Originally opening in December of 1885, The Evers Hardware Store was the longest continually operating business on the Denton square until it closed in 2001.? The iconic window that was added during an early 1900s remodel remains in place and overlooks Downtown and the County Courthouse.?
The Evers Building has had only two owners in the last 130 plus years and has never been marketed for sale, making this truly a once in a lifetime opportunity to own a piece of history and be a part of the continued story of the Historic Downtown Denton Square.?
The Evers Building is located on the Historic Downtown Square in Denton, TX.? With roots dating back to the 1800's this building is more than a piece of real estate, it is a piece of history.? Originally opening in December of 1885, The Evers Hardware Store was the longest continually operating business on the Denton square until it closed in 2001.? The iconic window that was added during an early 1900s remodel remains in place and overlooks Downtown and the County Courthouse.?
The Evers Building has had only two owners in the last 130 plus years and has never been marketed for sale, making this truly a once in a lifetime opportunity to own a piece of history and be a part of the continued story of the Historic Downtown Denton Square.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,450 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
$3,113,100 CAD
Price Per SF
$417.87 CAD
Cap Rate
6.08%
NOI
$189,276 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
2.48
Lot Size
0.07 AC
Frontage
39’ on West Walnut Street
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R32788 | Improvements Assessment | $899,777 CAD |
| Land Assessment | $313,668 CAD | Total Assessment | $1,213,445 CAD |
Property Taxes
Parcel Number
R32788
Land Assessment
$313,668 CAD
Improvements Assessment
$899,777 CAD
Total Assessment
$1,213,445 CAD
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109 W Hickory St
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