3924 Teasley Ln - Freestanding FOR SALE


Denton, TX 76210
$2,035,000 USD
214-960-4841
3924 Teasley Ln, Denton, TX for Sale
$2,035,000 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

3924 Teasley Ln
Denton, TX 76210


HIGHLIGHTS

  • Corporate Guaranteed Single Tenant Asset Adjacent to Walmart Neighborhood Market Located in the High-Growth Denton, TX (DFW)
  • Dollar Tree, Inc. (NASDAQ: DLTR) Credit Rated “BBB” by S&P, Considered Investment Grade; Over $30.6 Billion of Revenue in 2024
  • Annual Rent of $14.75 PSF NN (Roof & Structure is Landlord's Responsibility)
  • 6 Years Remaining on Primary Term with $0.50 PSF Escalations During Each of the Three (3), Five-Year Renewal Options
  • Below Replacement Cost at $236.08 PSF
  • Average Household Income Exceeds $139,200, $128,800 & $116,000 in a 1, 3 & 5 Mile Radii Respectively

OVERVIEW

Dollar Tree is a corporate guaranteed single tenant retail asset located adjacent to a Walmart Neighborhood Market within the high-growth DFW submarket of Denton, Texas. Built in 2020 on 1.04 acres of land, the Property is approximately 35 minutes from both downtown Dallas and downtown Fort Worth. Dollar Tree has 6 years left on it’s primary term with three (3) five-year renewal options and a $0.50 PSF rent bump with every five (5) year renewal option. The lease features limited landlord responsibilities and an annual rent of $14.75 PSF NN. Dollar Tree, Inc. (NASDAQ: DLTR) reported revenue in excess of $30.6 billion in 2024 and is rated “BBB” by S&P. Dollar Tree, Inc. is the leading operator of discount variety stores with over 16,000 locations across North America and is ranked #144 on the Fortune 500 list in 2024. The Property benefits strong demographics, excellent visibility to Teasley Lane, partial masonry construction with engaging architectural elements and shared accessibility to the large Walmart Neighborhood Market monument sign. The average household income exceeds $139,200, $128,800 and $116,200 in a one, three and five mile radii, respectively. Notable retailers in the area include Walmart Neighborhood Market, Walmart Fuel Station, 7-Eleven, CVS, Subway, Club Pilates, O’Reilly Auto Parts and Valvoline Express Care amongst others.

FOR SALE DETAILS

PRICE

$2,035,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

R650757

ASK ABOUT THIS PROPERTY

Cody StrullSHOP CompaniesMore Info
214-960-4841

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Cody StrullSHOP CompaniesMore Info
214-960-4841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.