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    222 Hickory St Denton, TX 76201

    For Sale
    $1,900,000

    High-Cap Restaurant, 9,133 SF, 100% Occupied

    Property size:
    9,133 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fully occupied, multi-tenant restaurant building located at 222 W Hickory St in the heart of Historic Downtown Denton, Texas. The property boasts a substantial 9,133 square feet, spread across a single story building constructed in 1930 and extensively renovated in 2006. Currently operating under a triple net (NNN) lease structure, the property enjoys 100% occupancy, generating a strong net operating income (NOI) of $138,740, translating to an attractive 7.30% capitalization rate. The asking price is $1,900,000, representing a price per square foot of $208.04. Situated in a highly desirable area known for its vibrant activity and excellent foot traffic, this location is perfect for retail, restaurant, and office users. The property benefits from built-in rent escalations, offering potential for future income growth. This is a rare chance to acquire a stable, high-performing asset in a thriving Texas market. The property's prime location in Denton County, Texas, zip code 76201, ensures consistent demand and strong tenant occupancy. This turnkey investment is ideal for those seeking a reliable and appreciating asset in a dynamic urban setting.

    Property Features for 222 Hickory St

    General Information

    Property type
    Restaurants
    Square Feet
    9,133 SF

    Building Details

    Year Built/Renovated
    1930/2006
    Stories
    1

    HighLights

    • $1,900,000 Asking Price for a 9,133 SF Retail Building in Denton, TX.
    • 7.30% Cap Rate with $138,740 NOI.
    • 100% Occupancy with a Triple‑Net (NNN) Lease.
    • Located in Historic Downtown Denton, a high‑traffic area.
    • Built in 1930, Renovated in 2006, Single‑Story Building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TB Winds Music Store Gold Mine BBQ Textile Mill Namaste Denton Indian Restaurant Layalina Mediterranean Restaurant ... Mediterranean Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1347374
    Latitude
    33.2148783

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Restaurant, 9,133 SF, 100% Occupied
    Where is this restaurant located?
    The property is located at 222 Hickory St Denton, TX.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 Asking Price for a 9,133 SF Retail Building in Denton, TX.; 7.30% Cap Rate with $138,740 NOI.; 100% Occupancy with a Triple-Net (NNN) Lease.
    Request Owner's contact information
    222 Hickory St Denton, TX 76201
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    Denton, TX 76201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    222 Hickory St Denton, TX 76201
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