2430 Lillian Miller Pkwy Denton, TX 76205

This exceptional 3,747 square foot retail storefront, located at 2430 Lillian Miller Pkwy in Denton, Texas, presents a compelling investment opportunity. The property boasts a 7.00% cap rate and a Net Net lease with Smile Doctors, the largest ortho-focused dental support organization in the U.S., currently occupying the entire space at 100% occupancy. The building, constructed in 1998, sits on a sizable 0.71-acre lot, offering significant potential for future development or repurposing. The current lease is with Smile Doctors, a highly reputable national tenant, providing a strong and stable income stream. The property benefits from a below-market rent of $24 per square foot, significantly lower than new developments in the area leasing for over $30 per square foot, representing a value-add opportunity. The location is highly desirable, situated near I-35, a major thoroughfare with over 135,000 vehicles traveling daily, and within a rapidly growing area that has experienced a 57.4% population increase within a one-mile radius since 2010. The asking price is $1,285,000, with a current NOI of $89,872. The property's minimal landlord responsibilities include maintaining sidewalks, parking areas, and the building structure. The lease is a single-tenant, Net Net lease with no remaining options, presenting an opportunity to negotiate a new lease agreement. This property offers a blend of strong current income and significant long-term potential.