Shopping Center with Development
For Sale
Contact for pricing
2426 Lillian Miller Parkway, Denton, TX 76205
Established retail center with medical and service-oriented tenants alongside an adjacent development parcel.
Property Size25,816 SF
Price / SF$370
Days on Market54
Property Features for 2426 Lillian Miller Parkway
General Information
Standard status
Active
Size
25,816 SF
Property subtype
Retail
Occupancy
91%
Lease Type
NNN
Net Operating Income
$551,974
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
retail
Building Details
Year Built
1986
Year Renovated
2015
Units
6
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 16 at 7:46AM
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 Marcus & Millichap - Dallas
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Investment Insights
Based on property information with market context.
Southridge Plaza is a shopping center built in 1986 with a tenant mix centered on medical and service uses. Occupancy includes a 10,200-square-foot freestanding Surepoint Emergency Center under a long-term triple-net lease, along with MINT Dentistry and Freedom Title. Contractual rent growth and limited landlord responsibilities are associated with the existing leases.
An adjacent 30,284-square-foot parcel sits at a signalized hard corner immediately beside Interstate 35E. The site is positioned across from Golden Triangle Mall and benefits from multiple ingress and egress points. Interstate 35E carries more than 109,000 vehicles per day, with additional traffic associated with Lillian Miller Parkway, Loop 288, and Teasley Lane. The parcel is identified for potential ground-lease, quick-service restaurant, medical, financial, or complementary retail development.
An adjacent 30,284-square-foot parcel sits at a signalized hard corner immediately beside Interstate 35E. The site is positioned across from Golden Triangle Mall and benefits from multiple ingress and egress points. Interstate 35E carries more than 109,000 vehicles per day, with additional traffic associated with Lillian Miller Parkway, Loop 288, and Teasley Lane. The parcel is identified for potential ground-lease, quick-service restaurant, medical, financial, or complementary retail development.
Key Highlights
- 10,200‑square‑foot freestanding Surepoint Emergency Center under a long‑term triple‑net lease
- Adjacent 30,284‑square‑foot development parcel at a signalized hard corner
- Immediately adjacent to Interstate 35E and across from Golden Triangle Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$378,192
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,563,840
$7.6M
Cap Rate 7%
$5,402,743
$5.4M
Cap Rate 9%
$4,202,133
$4.2M
Market Conditions
NOI Build-Up for 25,816 SF
Gross rent
$566.9K $21.96/SF
− Vacancy
−$26.6K −$1.03/SF
EGI
$540.3K $20.93/SF
− OpEx
−$162.1K −$6.28/SF
NOI
$378.2K $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%
$7,563,840
Cap Rate 7%
$5,402,743
Cap Rate 9%
$4,202,133
Alternative Uses
Best Use
Retail
$5.40M
$4.73M – $6.30M
NOI $378,192 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.07M
$7.06M – $9.41M
NOI $564,602 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
259k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 21%
Apparel 20%
Home Improvements & Furnishings 13%
McDonald's
Dining
32,763 visits/mo
0.5 miles
JCPenney
Apparel
28,373 visits/mo
0.3 miles
Dillard's
Apparel
23,996 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
20,574 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
16,319 visits/mo
0.1 miles
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Denton Town Center — 2215 S Loop 288, Denton, TX 76205
- Boka Feliz Mexican Kitchen — 2201 S Interstate 35, Denton, TX 76205
- Golden Triangle Mall — 2201 S Interstate 35, Denton, TX 76205
- Great Pumpkin Adventure -- Denton, TX — 2201 S Interstate 35, Denton, TX 76205
- Easter Bunny Experience — 2201 S Interstate 35, Denton, TX 76205, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with medical and service-oriented tenants alongside an adjacent development parcel.
Where is this shopping center located?
The property is located at 2426 Lillian Miller Parkway Denton, TX.
What is the asking price?
The asking price for this property is $9,551,940.
What are key features of this property?
This property features: 10,200‑square‑foot freestanding Surepoint Emergency Center under a long‑term triple‑net lease; Adjacent 30,284‑square‑foot development parcel at a signalized hard corner; Immediately adjacent to Interstate 35E and across from Golden Triangle Mall
