400 N Loop 288, Denton, TX

Listing agent Cayson Willeford

Listing office Sands Investment Group (SIG) | Austin Show Phone

Listing date Apr 8, 2025

Source Moodyscre

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Overview

The Market Square Shopping Center is an 18,100 square foot retail property located on North Loop 288 in Denton, Texas. This property presents a value-add opportunity within the Dallas-Fort Worth Metroplex, characterized by low in-place rent of $16.40 per square foot compared to the market rate of $20 per square foot and short-term leases. The center benefits from frontage, visibility, and access. Located at the intersection of E McKinney St and Loop 288, the area is experiencing significant retail and multi-family development. Loop 288 sees traffic counts of over 33,000 vehicles per day. The surrounding area has demographics including a population of 68,859 within a 3-mile radius and an average income of $78,388. There is an opportunity to convert tenants to NNN leases as the existing leases roll. The property has little to no deferred maintenance.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Denton

County

Denton

State

Texas

Longitude

-97.0899

Latitude

33.2177

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FAQs

What type of property is this?

Strip mall - Value-add shopping center in Denton, Texas with redevelopment potential.

Where is this strip mall located?

The property is located at 400 N Loop 288 Denton, TX.

What is the asking price?

The asking price for this property is $3,150,000.

What are key features of this property?

This property features: Value‑add opportunity in the Dallas‑Fort Worth Metroplex with low in‑place rent compared to market rate and short‑term leases.; Boasts a strong traffic count of 33,000+ vehicles per day on Loop 288.; Located in an area with good demographics: population of 68,859 within a 3‑mile radius.