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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

500-1042 University Dr Denton, TX 76201

335,000 SF Built 1964
Property ID
Property summary
AI-generated overview

This exceptional 335,000 square foot retail center, located at 500-1042 W University Dr, Denton, TX 76201, presents a unique investment opportunity. Situated on a 30.98-acre lot at the high-traffic intersection of University Drive and Carroll Blvd, this Class B property boasts outstanding visibility and pylon signage. Built in 1964 and renovated in 1994, the single-story center features two suites, with 2,500 square feet currently vacant and additional space ranging up to 27,792 square feet available. The property benefits from its location near the University of North Texas and Texas Woman's University, ensuring high foot traffic. This established retail center is anchored by a top-performing Kroger Signature Store, providing a strong tenant mix and a vibrant retail environment. The property is in Denton County and offers flexible leasing options to accommodate various retail needs. This is an ideal location for retailers seeking to capitalize on the significant pedestrian and vehicular traffic in this thriving area. The property's prime location and strong anchor tenant make it a compelling investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1964
Total area 335,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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