Stone & Stucco Retail Strip
For Sale
$4,850,000
1431-1437 E Mckinney St, Denton, TX 76209
Bank-owned stone-and-stucco retail strip center with partial occupancy and Opportunity Zone designation.
Property Size25,729 SF
Lot Size6.00 Acres
Price / SF$188.50
Days on Market52
Property Features for 1431-1437 E Mckinney St
General Information
Standard status
Active
Size
25,729 SF
Lot size
6.00 Acres
Property subtype
Commercial
Building Details
Year Built
2019
Listing Agency:
Steve Cook & Co, REALTORS. Contact:
(214) 216-2161
Listed By:
Steve Cook
Source:
Dallashomerealty
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 23 at 4:56AM
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 Steve Cook & Co, REALTORS. Contact:
Investment Insights
Based on property information with market context.
Bank-owned stone-and-stucco retail strip center for sale, built as a traditional multi-tenant configuration. The property totals 25,729 square feet and is described as spanning 3.65 acres, with additional acreage noted as 2+ acres and overall land described as 6+ acres. Occupancy is listed at 46% as of June 2025.
The center is located north of, and across McKinney Street from, the Denton County Courts Complex. The remarks also cite nearby restaurants and local businesses, supporting its intent for serving area foot traffic and daily activity around the courts.
For investors, the asset is presented as a 1031 exchange candidate and includes confirmation that it lies within a federally designated Opportunity Zone. With partial occupancy in place, the center may suit buyers looking for leasing improvements and operational updates to increase tenant occupancy over time. The offering’s stated mix of income-producing tenancy and Opportunity Zone eligibility provides a practical framework for investors evaluating a long-term hold strategy or exchange use case, subject to their own due diligence.
The center is located north of, and across McKinney Street from, the Denton County Courts Complex. The remarks also cite nearby restaurants and local businesses, supporting its intent for serving area foot traffic and daily activity around the courts.
For investors, the asset is presented as a 1031 exchange candidate and includes confirmation that it lies within a federally designated Opportunity Zone. With partial occupancy in place, the center may suit buyers looking for leasing improvements and operational updates to increase tenant occupancy over time. The offering’s stated mix of income-producing tenancy and Opportunity Zone eligibility provides a practical framework for investors evaluating a long-term hold strategy or exchange use case, subject to their own due diligence.
Key Highlights
- Bank‑owned stone‑and‑stucco retail strip center built in 2019 in Denton, TX
- 25,729 SF retail center on 6+ acres (28,698 SF stated across 3.65 acres plus 2+ acres extra acreage)
- Opportunity Zone property based on Land ID (located in a Federally Designated Opportunity Zone)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $565.0k | $21.96 |
| − Vacancy | −$26.6k | −$1.03 |
| EGI | $538.5k | $20.93 |
| − OpEx | −$161.5k | −$6.28 |
| NOI | $376.9k | $14.65 |
25,729 SF · lease $21.96/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.38M
$4.71M – $6.28M
NOI $376,917 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.04M
$7.03M – $9.38M
NOI $562,699 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
11,607 visits/mo
0.3 miles
Dollar General
Shops & Services
9,222 visits/mo
0.2 miles
Demographics for 76209, TX
28,088
Population
11,403
Households
2.5
Avg Household Size
31
Median Age
38%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,192
Density / Sq Mi
$66,883
Median Household Income
$34,680
Median Earnings
$1,367
Median Rent
$248,900
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.
Frequently Asked Questions
What type of property is this?
Strip mall - Bank-owned stone-and-stucco retail strip center with partial occupancy and Opportunity Zone designation.
Where is this strip mall located?
The property is located at 1431-1437 E Mckinney St Denton, TX.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Bank‑owned stone‑and‑stucco retail strip center built in 2019 in Denton, TX; 25,729 SF retail center on 6+ acres (28,698 SF stated across 3.65 acres plus 2+ acres extra acreage); Opportunity Zone property based on Land ID (located in a Federally Designated Opportunity Zone)
