1445 West University Drive
Denton, TX
Price:
$2,391,000
Cap Rate:
5.50%
NOI:
$131,500
Building Size:
Approx. 2,222 Sq. Ft.
Lot Size:
Approx. 0.699 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 2,222+/- SF Building on 0.699+/- Acre Site
- New Construction Site w/ 10 Year Net Lease w/ 10% Rental Increases in Both Primary Term and Options
- Excellent Location Near Corner of University Drive (19,800 VPD) and N Carroll Blvd (9,000 VPD)
- Located Within 2 Miles of both University of North Texas and Texas Woman’s University
- Near Kroger, McDonald’s, Taco Bell, Natural Grocers, Walgreens, and More
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
- Denton | Part of Dallas-Fort Worth Metroplex | 4th Largest MSA in the U.S.