1727-1731 University Dr Denton, TX 76201
This exceptional retail property, located at 1727-1731 W University Drive in Denton, Texas (zip code 76201), offers a prime 4,000 square foot space within a larger 5,896 square foot building. Situated on a 17,800 square foot lot, this Class B property boasts excellent visibility directly on W University Drive (Highway 380), featuring attractive glass storefronts. Built in 1973, the single-story building includes a total of 21 parking spaces. The space itself is an endcap unit, offering a wide-open retail floor plan at the front, transitioning to two bathrooms and smaller offices in the rear. While previously occupied for over 20 years, minor tenant improvements may be necessary to meet current City of Denton codes, including potential floor and lighting upgrades. A tenant improvement allowance is available, contingent upon creditworthiness. The property's convenient location and high visibility make it an ideal opportunity for a variety of retail businesses. The total building comprises two suites, with 4,000 square feet currently vacant and available for lease. The maximum contiguous space available is 4,000 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.