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Shopping Strip

Justice Plaza I

1431 E McKinney St, Denton, TX 76209

Listing Price: $3,721,000

Cap Rate
6.91%
Gross SF
11,905
Rentable SF
11,905
Price/Gross SF
$312.56
Lot Size
0.60 acres
Year Built
2019

Investment Overview

Justice Plaza I is a 11,905-square-foot, multi-tenant neighborhood retail center located in a densely populated area of Denton, Texas. The center is 100 percent leased, and all leases are triple-net. The tenant base is a complementary mix of service-oriented local businesses, including Dodson Legal Group and Duino Coffee. The landlord will master lease the remaining suite at closing for a period of three years. The building is new (2019) construction with an attractive façade and is situated on a 0.6-acre parcel. A double-sided monument sign at the property entrance provides additional exposure to the center.

The subject property is positioned near the signalized intersection of East McKinney Street and North Locust Street. The property is easily accessible from multiple ingress and egress points. Traffic counts exceed 19,208 vehicles per day. National and regional retailers in close proximity include Dollar General, Fuzzy's Taco Shop, Plains Capital Bank, Golden Chick, Family Dollar, O'Reilly's Auto Parts, McDonald's, Rent-A-Center, Ace Hardware, Firestone, Planet Fitness, Kroger, Dollar Tree, KFC, Torchy's Taco, Sherwin Williams, AutoZone, and many more. Justice Plaza is also in close proximity to both the University of North Texas and Texas Woman's University with current enrollment of approximately 44,532 students and 15,958 students, respectively. The surrounding area has strong demographics; the five-mile population is 150,089 residents, and the average household income exceeds $81,782 within a five-mile radius.

Investment Highlights

  • 11,905-Square-Foot, Three-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Tenants are Service-Oriented, Local Businesses | Leases have Personal Guarantees
  • Building is Newer (2019) Construction with an Attractive Façade | Double-Sided Pylon Signage at the Entrance Enhances Visibility
  • Near the Signalized Intersection of East McKinney Street and North Locust Street | Easily Accessible from Multiple Ingress and Egress Points | Traffic Counts in Front of the Property Exceeds 19,208 Vehicles Per Day
  • Directly Across from the Denton County Courthouse | Close Proximity to the University of North Texas and Texas Woman's University | Current Enrollment of Approximately 44,532 Students and 15,958 Students, Respectively

Exclusively Listed By

Shopping Strip

Justice Plaza I

Listing Price: $3,721,000

Cap Rate
6.91%
Gross SF
11,905
Rentable SF
11,905
Price/Gross SF
$312.56
Lot Size
0.60 acres
Year Built
2019

Investment Highlights

  • 11,905-Square-Foot, Three-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Tenants are Service-Oriented, Local Businesses | Leases have Personal Guarantees
  • Building is Newer (2019) Construction with an Attractive Façade | Double-Sided Pylon Signage at the Entrance Enhances Visibility
  • Near the Signalized Intersection of East McKinney Street and North Locust Street | Easily Accessible from Multiple Ingress and Egress Points | Traffic Counts in Front of the Property Exceeds 19,208 Vehicles Per Day
  • Directly Across from the Denton County Courthouse | Close Proximity to the University of North Texas and Texas Woman's University | Current Enrollment of Approximately 44,532 Students and 15,958 Students, Respectively

Investment Overview

Justice Plaza I is a 11,905-square-foot, multi-tenant neighborhood retail center located in a densely populated area of Denton, Texas. The center is 100 percent leased, and all leases are triple-net. The tenant base is a complementary mix of service-oriented local businesses, including Dodson Legal Group and Duino Coffee. The landlord will master lease the remaining suite at closing for a period of three years. The building is new (2019) construction with an attractive façade and is situated on a 0.6-acre parcel. A double-sided monument sign at the property entrance provides additional exposure to the center. The subject property is positioned near the signalized intersection of East McKinney Street and North Locust Street. The property is easily accessible from multiple ingress and egress points. Traffic counts exceed 19,208 vehicles per day. National and regional retailers in close proximity include Dollar General, Fuzzy's Taco Shop, Plains Capital Bank, Golden Chick, Family Dollar, O'Reilly's Auto Parts, McDonald's, Rent-A-Center, Ace Hardware, Firestone, Planet Fitness, Kroger, Dollar Tree, KFC, Torchy's Taco, Sherwin Williams, AutoZone, and many more. Justice Plaza is also in close proximity to both the University of North Texas and Texas Woman's University with current enrollment of approximately 44,532 students and 15,958 students, respectively. The surrounding area has strong demographics; the five-mile population is 150,089 residents, and the average household income exceeds $81,782 within a five-mile radius.

Exclusively Listed By

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