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    3651 Interstate 35 Denton, TX 76207

    Sponsored
    For Sale
    $5,165,381

    Strong Net Lease, 7.75% Cap Rate

    Property size:
    14,557 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a 14,557-square-foot retail building situated on a 2.1-acre lot in Denton, Texas. The property is located at 3651 N Interstate 35, Denton, TX 76207 and houses a Duluth Trading Company operating under a 15-year, double net (NN) lease, commencing June 1, 2018, and expiring May 31, 2033. With 8.5 years remaining on the lease term, this investment offers significant long-term stability. The current annual net operating income (NOI) is $400,317, resulting in a compelling 7.75% capitalization rate. The lease includes attractive rental increases of 10% every five years, providing built-in growth potential. Further enhancing the investment's security is the corporate guarantee provided by Duluth Holdings Inc. The property was built in 2018 and boasts 100% occupancy. The asking price is $5,165,381, translating to a price per square foot of $354.84. This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a strong national tenant with a proven track record. The property's prime location on Interstate 35 ensures high visibility and accessibility, contributing to its strong performance and investment appeal.

    Property Features for 3651 Interstate 35

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,557 SF
    Lot Size
    91,476 SF

    Building Details

    Year Built
    2018

    HighLights

    • 15‑Year, Double‑Net (NN) Lease with Duluth Trading Company, commencing June 1, 2018.
    • 10% rental increases every five years.
    • Corporate guarantee from Duluth Holdings Inc.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duluth Trading Company Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1741274
    Latitude
    33.2262156

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    FAQs

    What type of property is this?
    Lifestyle center - Strong Net Lease, 7.75% Cap Rate
    Where is this lifestyle center located?
    The property is located at 3651 Interstate 35 Denton, TX.
    What is the asking price?
    The asking price for this property is $5,165,381.
    What are key features of this property?
    This property features: 15-Year, Double-Net (NN) Lease with Duluth Trading Company, commencing June 1, 2018.; 10% rental increases every five years.; Corporate guarantee from Duluth Holdings Inc.
    Request Owner's contact information
    3651 Interstate 35 Denton, TX 76207
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    Denton, TX 76207
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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
    3651 Interstate 35 Denton, TX 76207
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