222 Hickory StDenton, TX 76201

For Sale
$1,900,000

High-Cap Restaurant, 9,133 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully occupied, multi-tenant restaurant building located at 222 W Hickory St in the heart of Historic Downtown Denton, Texas. The property boasts a substantial 9,133 square feet, spread across a single story building constructed in 1930 and extensively renovated in 2006. Currently operating under a triple net (NNN) lease structure, the property enjoys 100% occupancy, generating a strong net operating income (NOI) of $138,740, translating to an attractive 7.30% capitalization rate. The asking price is $1,900,000, representing a price per square foot of $208.04. Situated in a highly desirable area known for its vibrant activity and excellent foot traffic, this location is perfect for retail, restaurant, and office users. The property benefits from built-in rent escalations, offering potential for future income growth. This is a rare chance to acquire a stable, high-performing asset in a thriving Texas market. The property's prime location in Denton County, Texas, zip code 76201, ensures consistent demand and strong tenant occupancy. This turnkey investment is ideal for those seeking a reliable and appreciating asset in a dynamic urban setting.

Highlights

  • $1,900,000 Asking Price for a 9,133 SF Retail Building in Denton, TX.
  • 7.30% Cap Rate with $138,740 NOI.
  • 100% Occupancy with a Triple-Net (NNN) Lease.
  • Located in Historic Downtown Denton, a high-traffic area.
  • Built in 1930, Renovated in 2006, Single-Story Building.

Property Details for 222 Hickory St

Property type
Other retail properties, Restaurants
Square Feet
9,133 SF
Year Built/Renovated
1930/2006
Stories
1

Location Insight

City
Denton
County
Denton
State
Texas
Latitude
33.2148783
Longitude
-97.1347374
222 Hickory St, Denton, Texas

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222 Hickory St
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