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 Market1084
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 Agency:
SVN VERUS Commercial
(940) 381-2220
Listed By:
Kristofer Smith · License #TX 774764
Source:
Crexi
Added: Aug 18, 2023
Changed: Jul 6
Last Checked: Aug 4 at 5:46AM
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
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 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 |
9,133 SF · lease $21.96/SF/yr · vacancy 4.70% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
3,781 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
