Freestanding Retail
For Sale
Contact for pricing
3651 N Interstate 35, Denton, TX 76207
Freestanding retail asset with excellent frontage along N Interstate 35 in a dense retail corridor.
Property Size14,557 SF
Price / SF$343.75
Days on Market499
Property Features for 3651 N Interstate 35
General Information
Standard status
Active
Size
14,557 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
NNN Pro Group
(332) 345-4222
Listed By:
Glen Kunofsky · License #49KU1129178
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Jul 28
Last Checked: Jul 28 at 4:49PM
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 NNN Pro Group
Investment Insights
Based on property information with market context.
This freestanding retail property benefits from excellent frontage along N Interstate 35. It is positioned within a dense retail corridor that includes major national retailers such as Walmart, Starbucks, In-N-Out, IHop, Chili’s, Home Depot, McDonald’s, Sam’s Club, ALDI, QuikTrip, Raising Canes, Chipotle, Chick-fil-A, and Kohl’s, among others.
The site is also located less than four miles from The University of North Texas and Texas Woman’s University, which together have over 56,000 students enrolled. This combination of strong retail concentration and nearby academic presence can support a variety of storefront-oriented uses for an owner or operator seeking a high-visibility, retail-focused setting along the interstate.
The site is also located less than four miles from The University of North Texas and Texas Woman’s University, which together have over 56,000 students enrolled. This combination of strong retail concentration and nearby academic presence can support a variety of storefront-oriented uses for an owner or operator seeking a high-visibility, retail-focused setting along the interstate.
Key Highlights
- Freestanding retail property with excellent frontage along N Interstate 35
- Located in a dense retail corridor with major national retailers nearby
- Nearby retailers include Walmart, Starbucks, In‑N‑Out, Home Depot, McDonald's, and Sam's Club
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$213,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,265,060
$4.3M
Cap Rate 7%
$3,046,471
$3.0M
Cap Rate 9%
$2,369,478
$2.4M
Market Conditions
NOI Build-Up for 14,557 SF
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.
Gross rent
$319.7K $21.96/SF
− Vacancy
−$15.0K −$1.03/SF
EGI
$304.6K $20.93/SF
− OpEx
−$91.4K −$6.28/SF
NOI
$213.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,265,060
Cap Rate 7%
$3,046,471
Cap Rate 9%
$2,369,478
Alternative Uses
Best Use
Retail
$3.05M
$2.67M – $3.55M
NOI $213,253 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,365 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 41%
Hotels & Casinos 2%
QuikTrip
Shops & Services
56,838 visits/mo
0.1 miles
Chuy's
Dining
25,107 visits/mo
0.5 miles
SONIC Drive In
Dining
12,066 visits/mo
0.3 miles
Dickey's Barbecue Pit
Dining
2,837 visits/mo
0.1 miles
Residence Inn Denton
Hotels & Casinos
1,813 visits/mo
0.1 miles
Demographics for 76207, TX
16,097
Population
7,657
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
40.3 sq mi
ZIP Area
399
Density / Sq Mi
$91,026
Median Household Income
$41,830
Median Earnings
$1,654
Median Rent
$361,400
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?
Storefront property - Freestanding retail asset with excellent frontage along N Interstate 35 in a dense retail corridor.
Where is this storefront property located?
The property is located at 3651 N Interstate 35 Denton, TX.
What is the asking price?
The asking price for this property is $5,003,963.
What are key features of this property?
This property features: Freestanding retail property with excellent frontage along N Interstate 35; Located in a dense retail corridor with major national retailers nearby; Nearby retailers include Walmart, Starbucks, In‑N‑Out, Home Depot, McDonald's, and Sam's Club
