Multi-Property Bar
For Sale
Contact for pricing
1207 W Hickory, Denton, TX 76201
Bar and pub portfolio adjacent to the UNT campus within Denton’s Fry Street entertainment district.
Property Size11,705 SF
Price / SF$393.65
Days on Market57
Property Features for 1207 W Hickory
General Information
Standard status
Active
Size
11,705 SF
Total Parking Spaces
85
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$322,533
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
SVN VERUS Commercial
(940) 594-7717
Listed By:
Greg Johnson · License #TX
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 9:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN VERUS Commercial
Investment Insights
Based on property information with market context.
This 11,705-square-foot portfolio is positioned within Denton’s Fry Street entertainment district and includes bar and restaurant properties serving the student population and surrounding neighborhoods. The offering is adjacent to the University of North Texas campus and forms part of an established cluster of entertainment-oriented businesses.
The property is located at 1207 W Hickory in Denton, providing a presence within a college-focused commercial setting. Existing bars and restaurants in the district have served students and nearby residents over an extended period, supporting the area’s established role as a gathering and dining destination.
The property is located at 1207 W Hickory in Denton, providing a presence within a college-focused commercial setting. Existing bars and restaurants in the district have served students and nearby residents over an extended period, supporting the area’s established role as a gathering and dining destination.
Key Highlights
- 11,705‑square‑foot bar and pub portfolio
- Adjacent to the University of North Texas campus
- Located within Denton’s Fry Street entertainment district
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$201,209
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,024,180
$4.0M
Cap Rate 7%
$2,874,414
$2.9M
Cap Rate 9%
$2,235,656
$2.2M
Market Conditions
NOI Build-Up for 11,705 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$280.9K $24.00/SF
− Vacancy
−$12.6K −$1.08/SF
EGI
$268.3K $22.92/SF
− OpEx
−$67.1K −$5.73/SF
NOI
$201.2K $17.19/SF
Area
Denton, TX
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,024,180
Cap Rate 7%
$2,874,414
Cap Rate 9%
$2,235,656
Alternative Uses
Best Use
Specialty Retail
$2.87M
$2.52M – $3.35M
NOI $201,209 @ 7.0% cap · market cap 4.37%
Second Best
Retail
$2.45M
$2.14M – $2.86M
NOI $171,473 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $255,991 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
7-Eleven
Shops & Services
7,681 visits/mo
0.1 miles
Insomnia Cookies
Dining
4,697 visits/mo
0.0 miles
Jimmy John's
Dining
4,018 visits/mo
0.0 miles
D.P. Dough
Dining
3,454 visits/mo
0.0 miles
Layne's Chicken Fingers
Dining
1,855 visits/mo
0.0 miles
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- QuikTrip — 321 Eagle Dr, Denton, TX 76201
- Starbucks — 1155 Union Cir, Denton, TX 76203
- Kudos Entertainment Lounge — 508 S Elm St, Denton, TX 76201
- Starbucks — 1501 Chestnut St, Denton, TX 76201
- Game Changers — 141 W Mulberry St, Denton, TX 76201
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and pub portfolio adjacent to the UNT campus within Denton’s Fry Street entertainment district.
Where is this bar & pub located?
The property is located at 1207 W Hickory Denton, TX.
What is the asking price?
The asking price for this property is $4,607,618.
What are key features of this property?
This property features: 11,705‑square‑foot bar and pub portfolio; Adjacent to the University of North Texas campus; Located within Denton’s Fry Street entertainment district
