400 N Loop 288 - Storefront FOR SALE
Denton, TX 76209 |
$3,150,000 USD
214-972-6688
400 N Loop 288
Denton, TX 76209
HIGHLIGHTS
- Low in-Place Rent of $16.40/SF vs $20/SF Market Rate
- Value-Add DFW Neighborhood Strip Center
- Good Demos: 68,859 3-Mile Population With $78,388 Average Income
- Strong Traffic With Loop 288 Seeing 33,000+ VPD
- Significant Retail and Multi-Family Development on the Intersection of E McKinney St and Loop 288
- Center Has Ideal Frontage, Visibility, and Access
OVERVIEW
Sands Investment Group is Pleased To Exclusively Offer For Sale the 18,100 SF Market Square Shopping Center on North Loop 288 in Denton, Texas. This is a Rare Value Add Opportunity in The Dallas-Fort Worth Metroplex With Low in-Place Rent and Short Term Leases
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$3,150,000 USD
PRICE/SF
$174 USD /SF
CAP RATE
7.37%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Market Square - Denton, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
COR
APN/PARCEL ID
R39232
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214-972-6688
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214-972-6688
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