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222 W Hickory St 9,113 sq ft 100% Let Retail Property Denton, TX 76201 £1,421,257 (£155.96/sq ft) 7.30% Net Initial Yield
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
Property Size
9,113 sq ft
Costar Property Class
B
Year Built/Renovated
1930/2006
Price
£1,421,257
Price per sq ft
£155.96
Yield
7.30%
NOI
£103,752
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.75
Total Plot Size
0.28 ac
Use Class
MD
Parking
80 Spaces (8.78 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Excellent pedestrian access (92)
Bike Score®
Good for cycling (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R35487 | Improvements Assessment | £628,770 |
| Land Assessment | £364,949 | Total Assessment | £993,719 |
PROPERTY TAXES
Parcel Number
R35487
Land Assessment
£364,949
Improvements Assessment
£628,770
Total Assessment
£993,719
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222 W Hickory St
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