972-515-0045
725 N Elm St, Denton, TX for Sale
Storefront - FOR SALE
1/4
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725 N Elm St
Denton, TX 76201
Downtown Denton


HIGHLIGHTS

  • 100% Occupied — Turnkey, Income-Producing Investment
  • 15,300 SF Building Situated on 0.69 Acres
  • 30 Individually Leased Salon Suites + 4,000 SF Church Space + 2,200 SF Event Venue
  • Strong Tenant Retention

OVERVIEW

Axis Realty Group is pleased to present The Downtowner Salon Suites, a fully leased, multi-tenant investment opportunity featuring 15,300 a square foot retail building on a 0.68-acre site in the heart of Downtown Denton. The property is comprised of 30 individually leased salon suites, a 4,000-square-foot church space, and a 2,200-square-foot event space. Denton Community Church recently exercised a new 5-year lease extension on the larger suites. Approximately 70% of the salon tenants have occupied their suites for over 3 years, 40% of which have been tenants for more than 15 years, reflecting strong tenant loyalty and stability. Salon tenants pay rent weekly via ACH, providing consistent and reliable cash flow. The majority of the salon suites have been renovated over the years, enhancing the property's overall appeal and tenant retention. The Downtowner Salon Suites offers investors an immediate, stable income stream supported by a diversified tenant mix.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Downtowner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

Commercial/Retail

APN/PARCEL ID

R33962

ASK ABOUT THIS PROPERTY

Chase TraughberAxis Realty GroupMore Info
972-515-0045

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Chase TraughberAxis Realty GroupMore Info
972-515-0045

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