222 W Hickory St, Denton, TX 76201
NNN leased retail building in Downtown Denton, Texas.
- Added:
- Aug 18, 2023
- Days on Market:
- 1029
- Last Refresh:
- May 12 at 8:51 pm
Property Features for 222 W Hickory St
General Information
- Standard status
- Active
- Size
- 9,133 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing agent Kristofer Smith License #TX 774764
Listing office SVN VERUS Commercial
Listing date Aug 18, 2023
Source Crexi
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
HighLights
- 100% NNN Leased Retail Building
- Located in Highly Desirable Downtown Denton
- Fully Stabilized Property
- Solid Three Tenant Mix
- Rent Escalations in Place (Upside for Buyer)
- Year Built: 1930
Overview
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 | $200.6k | $21.96 |
| − Vacancy | −$9.4k | −$1.03 |
| EGI | $191.1k | $20.93 |
| − OpEx | −$57.3k | −$6.28 |
| NOI | $133.8k | $14.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1348181
- Latitude
- 33.214792
