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Remodeled Retail Center, Prime Location
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511 W University Dr, Denton, TX 76201

Remodeled retail center with high visibility, delivering Q2 2024.

Days on Market147

Property Features for 511 W University Dr

General Information

Standard status Active
Property subtype Retail
Listing Agency: SVN | Verus Commercial
Listed By: Brad Tyndall · License #710763
Source: V-re
Added: Mar 6 Changed: Jul 6 Last Checked: Jul 30 at 3:57AM

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 newly remodeled retail center is scheduled for delivery in Q2 2024. The center is undergoing a complete update, featuring eye-catching exterior finishes. Ample parking is available. Located at the corner of University Drive and Carroll Boulevard, two of Denton's main roads, the property benefits from high visibility and easy access, with over 32,000 vehicles per day. The new multi-tenant design aims to be a major upgrade to this retail corner. The property is in shell condition with tenant improvements available. This location is suitable for both restaurant and retail businesses.

Key Highlights

  • Prime corner location at the intersection of University Drive and Carroll Boulevard.
  • High traffic volume: Over 32,000 vehicles per day (VPD).
  • Newly remodeled retail center, delivering Q2 2024.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Auto Parts Store Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,090
Businesses Nearby
294k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 26% Groceries 24% Home Improvements & Furnishings 3%
Kroger Groceries
62,592 visits/mo 0.1 miles
McDonald's Dining
29,226 visits/mo 0.3 miles
Dollar Tree Shops & Services
25,471 visits/mo 0.2 miles
Starbucks Dining
13,575 visits/mo 0.4 miles
Jack in the Box Dining
13,281 visits/mo 0.2 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Remodeled retail center with high visibility, delivering Q2 2024.
Where is this retail space located?
The property is located at 511 W University Dr Denton, TX.
What are key features of this property?
This property features: Prime corner location at the intersection of University Drive and Carroll Boulevard.; High traffic volume: Over 32,000 vehicles per day (VPD).; Newly remodeled retail center, delivering Q2 2024.
More about this property
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