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222 W Hickory St 9,113 SF 100% Leased Retail Building Denton, TX 76201 $2,617,250 CAD ($287.20 CAD/SF) 7.30% Cap Rate
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 desirable
Downtown Denton with a solid three tenant mix. This fully stabilized property also offers a buyer upside with rent escalations
in place.
Downtown Denton with a solid three tenant mix. This fully stabilized property also offers a buyer upside with rent escalations
in place.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,113 SF
Building Class
B
Year Built/Renovated
1930/2006
Price
$2,617,250 CAD
Price Per SF
$287.20 CAD
Cap Rate
7.30%
NOI
$191,059 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.28 AC
Zoning
MD
Parking
80 Spaces (8.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R35487 | Improvements Assessment | $1,154,184 CAD |
| Land Assessment | $669,908 CAD | Total Assessment | $1,824,092 CAD |
Property Taxes
Parcel Number
R35487
Land Assessment
$669,908 CAD
Improvements Assessment
$1,154,184 CAD
Total Assessment
$1,824,092 CAD
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222 W Hickory St
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