Investment Overview

Unicorn Lake Medical Park is a 7,131-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. Approximately 56 percent of the gross leasable area is leased to Texas Oral Surgery Group. Other tenants consist of Edward Jones and Connections Plaza LLC, whose suite is subleased to Wood Weatherly Trial Law. The building is 2017 construction with an attractive façade and is situated on a 1.625-acre parcel. The subject property is part of an office condominium association. The subject property is located in Unicorn Lake, a master-planned, mixed-use development in south Denton. Unicorn Lake is situated in the middle of several neighborhoods, allowing Unicorn Lake Medical Park and other business centers to be accessed by either walking, biking, or a short drive. Unicorn Lake has immediate access to the Interstate 35 East corridor. The subject property is neighbored by many national and regional retailers and hotels including Cinemark, BJ's Restaurant & Brewhouse, Rodeo Goat, Chuy's, Buc-ee's, Starbucks, Homewood Suites by Hilton, Holiday Inn Express & Suites, and many others. Medical City Denton is also in close proximity to the subject property, housing approximately 208 beds and employing more than 850 employees and 300 physicians. The surrounding area has strong demographics; the five-mile population is 163,184 residents, and the average household income exceeds $90,722 within a five-mile radius.