Industrial Auto
New
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 Market3
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
(940) 999-0417
Listed By:
Mason Shanahan
(940) 999-0417
Source:
V-re
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 3:39AM
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.
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 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 | $137.1k | $21.96 |
| − Vacancy | −$6.4k | −$1.03 |
| EGI | $130.7k | $20.93 |
| − OpEx | −$39.2k | −$6.28 |
| NOI | $91.5k | $14.65 |
6,243 SF · lease $21.96/SF/yr · vacancy 4.70% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
11,607 visits/mo
0.3 miles
Dollar General
Shops & Services
9,222 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
491 visits/mo
0.4 miles
Autobody Denton CARSTAR
Shops & Services
473 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Xtra Lube Lube & Oil Change — S Bell Ave, Denton, TX 76201
- Maxx Express Mechanic Clinic — 621 S Elm St, Denton, TX 76201
- 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
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
