5000 Teasley Ln
Denton, TX 76210

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. The lease expires in April of 2034 and calls for zero landlord obligations. The subject property is well situated on a major commercial thoroughfare, surrounded by major national retailers. Denton is a city in and the county seat of Denton County, Texas. As of the 2010 United States Census, its population was 113,383, making it the 27th-most populous city in Texas, the 200th-most populous city in the United States, and the 12th-most populous city in the Dallas-Fort Worth metroplex. Located on the far north end of the Dallas–Fort Worth metroplex in North Texas on Interstate 35, Denton is known for its active music life; the North Texas State Fair and Rodeo, Denton Arts and Jazz Festival, and 35 Denton Music Festival attract over 300,000 people to the city each year. The city experiences hot, humid summers and relatively few extreme weather events. Its diverse citizenry is represented by a nonpartisan city council, and numerous county and state departments have offices in the city. With over 45,000 students enrolled at the two universities located within its city limits, Denton is often characterized as a college town. As a result of the universities’ growth, educational services play a large role in the city’s economy. Residents are served by the Denton County Transportation Authority, which provides commuter rail and bus service to the area.