1431-1437 E Mckinney St, Denton, TX 76209
Bank-owned stone-and-stucco retail strip center with partial occupancy and Opportunity Zone designation.
- Added:
- Jun 12, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 16 at 2:52 am
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 agent Steve Cook
Listing office Steve Cook & Co, REALTORS. Contact: (214) 216-2161
Listing date Jun 12, 2026
Source Dallashomerealty
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:
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)
- 46% occupancy as of June 2025 (value‑add leasing potential indicated by partial occupancy)
- 1031 exchange candidate noted, including IRS §1031 tax‑deferred exchange potential
- Located directly north of and across McKinney Street from the Denton County Courts Complex
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1156622
- Latitude
- 33.2161985
