222 W Hickory St
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222 W Hickory St
9,113 SF 100% Leased Retail Building Denton, TX 76201 $1,900,000 ($208/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
$1,900,000
Price Per SF
$208
Cap Rate
7.30%
NOI
$138,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Land Acres
0.28 AC
Zoning
MD
Parking
80 Spaces (8.78 Spaces per 1,000 SF Leased)
Frontage
132 FT on W Hickory St
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
Parcel Number | R35487 | Improvements Assessment | $768,456 |
Land Assessment | $487,880 | Total Assessment | $1,256,336 |
PROPERTY TAXES
Parcel Number
R35487
Land Assessment
$487,880
Improvements Assessment
$768,456
Total Assessment
$1,256,336
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222 W Hickory St
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