Industrial Auto
For Sale
$1,400,000
706 East McKinney Street, Denton, TX 76209
Established automotive property subject to a new five-year NNN lease with 3% annual increases.
Property Size6,243 SF
Price / SF$224.25
Days on Market95
Property Features for 706 East McKinney Street
General Information
Standard status
Active
Size
6,243 SF
Property subtype
Industrial
Building Details
Building Size
6,243 SF
Buildings
1
Listing Agency:
SVN VERUS Commercial
Listed By:
Mason Shanahan · License #840750
(940) 999-0417
Source:
Svn
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 3 at 3:10AM
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.
Strandes Garage is an automotive property at 706 East McKinney Street in Denton, Texas. The asset includes a 6,243-square-foot industrial building suited to automotive operations and other industrial uses supported by the existing improvements. The garage has operated in the Denton market since 1962, providing a long operating history at the property.
A new five-year NNN lease is in place, with contractual 3% annual increases. The property is being offered as a leased investment and combines an established garage operation with an industrial building in a Denton location.
A new five-year NNN lease is in place, with contractual 3% annual increases. The property is being offered as a leased investment and combines an established garage operation with an industrial building in a Denton location.
Key Highlights
- 6,243‑square‑foot industrial building
- Automotive garage operating in Denton since 1962
- New five‑year NNN lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,457
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,140
$1.8M
Cap Rate 7%
$1,306,529
$1.3M
Cap Rate 9%
$1,016,189
$1.0M
Market Conditions
NOI Build-Up for 6,243 SF
Gross rent
$137.1K $21.96/SF
− Vacancy
−$6.4K −$1.03/SF
EGI
$130.7K $20.93/SF
− OpEx
−$39.2K −$6.28/SF
NOI
$91.5K $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%
$1,829,140
Cap Rate 7%
$1,306,529
Cap Rate 9%
$1,016,189
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.52M
NOI $91,457 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$508.5K
$444.9K – $593.2K
NOI $35,594 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,536 @ 7.0% cap · market cap 9.75%
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
1,929
Businesses Nearby
34k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Shops & Services 11%
Mellow Mushroom
Dining
11,092 visits/mo
0.4 miles
Rusty Taco
Dining
8,924 visits/mo
0.5 miles
Golden Chick
Dining
6,072 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
4,312 visits/mo
0.5 miles
Sunoco
Shops & Services
1,888 visits/mo
0.3 miles
Demographics for 76209, TX
28,088
Population
11,403
Households
2.5
Avg Household Size
31
Median Age
38%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,192
Density / Sq Mi
$66,883
Median Household Income
$34,680
Median Earnings
$1,367
Median Rent
$248,900
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
Similar Off Market Nearby
- Briscoe Alignment & Tire — 822 S Elm St, Denton, TX 76201
- Grease Monkey — 421 Eagle Dr, Denton, TX 76201
- T3 Certified Tire Center — Denton, TX 76201
- Xtra Lube Lube & Oil Change — S Bell Ave, Denton, TX 76201
- Maxx Express Mechanic Clinic — 621 S Elm St, Denton, TX 76201
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive property subject to a new five-year NNN lease with 3% annual increases.
Where is this auto shop located?
The property is located at 706 East McKinney Street Denton, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,243‑square‑foot industrial building; Automotive garage operating in Denton since 1962; New five‑year NNN lease in place
