Bank-Owned Retail Strip
14311437 E McKinney Street Denton, TX 76209
For Sale
$4,850,000
Bank-owned stone and stucco retail strip center with 46% occupancy as of June 2025, in an Opportunity Zone.
Property Size25,729 SF
Lot Size3.65 Acres
Price / SF$188.50
Days on Market255
Property Features for 14311437 E McKinney Street
General Information
- Standard status
- Active
- Size
- 25,729 SF
- Lot size
- 3.65 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing Agency:
Steve Cook & Co, REALTORS
(903) 624-0359
Listed By:
Steve Cook · License #BR027496000
(903) 624-0359
Source:
Xome
Added: Nov 11, 2025
Changed: Jul 24
Last Checked: Jul 24 at 5:31AM
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
Investment Insights
Based on property information with market context.
This bank-owned stone and stucco retail strip center offers a multi-tenant configuration in a durable exterior package. Current occupancy is reported at 46% as of June 2025. The offering is presented as a 1031 exchange candidate for qualified investors.
The property is directly north of and across McKinney Street from the Denton County Courts Complex. It also benefits from proximity to restaurants and local businesses in the surrounding area.
The site is located within a federally designated Opportunity Zone, and the remarks indicate the asset may qualify for Opportunity Zone tax-deferred and related benefits for eligible investors. Please review offering materials for details on the current tenancy and any prospective leasing or redevelopment plans.
The property is directly north of and across McKinney Street from the Denton County Courts Complex. It also benefits from proximity to restaurants and local businesses in the surrounding area.
The site is located within a federally designated Opportunity Zone, and the remarks indicate the asset may qualify for Opportunity Zone tax-deferred and related benefits for eligible investors. Please review offering materials for details on the current tenancy and any prospective leasing or redevelopment plans.
Key Highlights
- Bank‑owned stone & stucco retail strip center in Denton, TX, located in a federally designated Opportunity Zone
- 25,729 SF retail center (public remarks also cite 28,698 SF) on 6+ acres, with additional 2+ acres mentioned
- 46% occupancy as of June 2025
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Bank-owned stone and stucco retail strip center with 46% occupancy as of June 2025, in an Opportunity Zone.
Where is this strip mall located?
The property is located at 14311437 E McKinney Street 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 & stucco retail strip center in Denton, TX, located in a federally designated Opportunity Zone; 25,729 SF retail center (public remarks also cite 28,698 SF) on 6+ acres, with additional 2+ acres mentioned; 46% occupancy as of June 2025
