3012 East University Drive
Denton, TX
Price:
$3,208,000
Cap Rate:
4.65%
NOI:
$149,166
Building Size:
Approx. 2,506 Sq. Ft.
Lot Size:
Approx. 0.74 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2000
Investment Overview
- 2019 Rebuild 2,506+/- SF Building on 0.74 +/- Acre Site
- 15-year corporate absolute NNN lease with a 10% increase in each option period
- Located at intersection of two highways at US-380 “University Dr.” (38,343 VPD) and Loop 288 (28,967 VPD)
- Close proximity to two colleges | University of North Texas (37,393 students) and Texas Woman’s University (15,000 students)
- Within a 5-miles radius there are 119,901 people and 55,024 employees
- Located approximately 41-miles northwest of downtown Dallas, TX