NNN Leased Retail
For Sale
Contact for pricing
222 W Hickory St, Denton, TX 76201
NNN leased retail building in Downtown Denton, Texas.
Property Size9,133 SF
Price / SF$208.04
Days on Market1175
Property Features for 222 W Hickory St
General Information
Standard status
Active
Size
9,133 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$138,740
Building Details
Year Built
1930
Year Renovated
2006
Stories
1
Tenancy
Multi
Listing Agency:
SVN VERUS Commercial
Listed By:
Kristofer Smith · License #TX 774764
(214) 552-2413
Source:
Crexi
Added: Aug 18, 2023
Changed: Oct 31
Last Checked: Nov 3 at 6:15AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The subject property is a 100% NNN leased retail building located in Downtown Denton. The property features a three-tenant mix. Rent escalations are in place.
Key Highlights
- 100% NNN Leased Retail Building
- Located in Highly Desirable Downtown Denton
- Fully Stabilized Property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,794
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,880
$2.7M
Cap Rate 7%
$1,911,343
$1.9M
Cap Rate 9%
$1,486,600
$1.5M
Market Conditions
NOI Build-Up for 9,133 SF
Gross rent
$200.6K $21.96/SF
− Vacancy
−$9.4K −$1.03/SF
EGI
$191.1K $20.93/SF
− OpEx
−$57.3K −$6.28/SF
NOI
$133.8K $14.65/SF
Area
Denton, TX
Vacancy
4.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,880
Cap Rate 7%
$1,911,343
Cap Rate 9%
$1,486,600
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,794 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,741 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,406
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Mellow Mushroom
Dining
11,092 visits/mo
0.3 miles
Rusty Taco
Dining
8,924 visits/mo
0.3 miles
Wells Fargo
Shops & Services
8,868 visits/mo
0.2 miles
Golden Chick
Dining
6,072 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,393 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - NNN leased retail building in Downtown Denton, Texas.
Where is this retail space located?
The property is located at 222 W Hickory St Denton, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 100% NNN Leased Retail Building; Located in Highly Desirable Downtown Denton; Fully Stabilized Property
