Multi-Tenant Retail
8450 Denton Highway, Watauga, TX 76148
For Sale
Contact for pricing
Two established tenants occupy the building under NNN lease structures.
Property Size6,000 SF
Lot Size0.70 Acres
Price / SF$581.08
Days on Market51
Property Features for 8450 Denton Highway
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Corner Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License TX 0522087-SA
(972) 755-5225
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 12 at 4:53AM
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
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.
This 6,000-square-foot freestanding retail property was built in 2004 on approximately 0.70 acres. Verizon Wireless occupies 4,500 square feet, while Smoothie King uses the remaining 1,500 square feet. The property is 100 percent occupied, and both tenants have NNN leases. Smoothie King’s lease includes contractual rent increases during its primary term. Storefronts feature extensive glass, stone accents and dedicated tenant signage.
The property occupies the signalized intersection of Denton Highway (Highway 377) and North Tarrant Parkway, which together carry approximately 61,000 vehicles per day. Nearby retailers and restaurants include Target, The Home Depot, Sprouts Farmers Market, Kohl’s, Office Depot, Ross Dress for Less, PetSmart, Five Below, Chick-fil-A and Starbucks. An H-E-B-owned parcel lies catty-corner from the property.
The property occupies the signalized intersection of Denton Highway (Highway 377) and North Tarrant Parkway, which together carry approximately 61,000 vehicles per day. Nearby retailers and restaurants include Target, The Home Depot, Sprouts Farmers Market, Kohl’s, Office Depot, Ross Dress for Less, PetSmart, Five Below, Chick-fil-A and Starbucks. An H-E-B-owned parcel lies catty-corner from the property.
Key Highlights
- 6,000‑square‑foot freestanding retail property on approximately 0.70 acres
- 100 percent occupied by Verizon Wireless and Smoothie King under NNN lease structures
- Verizon Wireless occupies 4,500 square feet; Smoothie King occupies 1,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,590
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,800
$2.0M
Cap Rate 7%
$1,422,714
$1.4M
Cap Rate 9%
$1,106,556
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$149.8K $24.96/SF
− Vacancy
−$7.5K −$1.25/SF
EGI
$142.3K $23.71/SF
− OpEx
−$42.7K −$7.11/SF
NOI
$99.6K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,800
Cap Rate 7%
$1,422,714
Cap Rate 9%
$1,106,556
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,590 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
61,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 76148, TX
23,587
Population
8,481
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,019
Density / Sq Mi
$90,614
Median Household Income
$42,762
Median Earnings
$1,824
Median Rent
$227,600
Median Home Value
Market
Properties on Market for Retail space in Tarrant County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two established tenants occupy the building under NNN lease structures.
Where is this retail space located?
The property is located at 8450 Denton Highway Watauga, TX.
What is the asking price?
The asking price for this property is $3,486,500.
What are key features of this property?
This property features: 6,000‑square‑foot freestanding retail property on approximately 0.70 acres; 100 percent occupied by Verizon Wireless and Smoothie King under NNN lease structures; Verizon Wireless occupies 4,500 square feet; Smoothie King occupies 1,500 square feet
