3312 Teasley Ln Denton, TX 76210

Property Details for 3312 Teasley Ln

Year built

2022

Property size

20,000 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a fully occupied, 20,000 square foot Class A office building in Denton, Texas. Located at 3312 Teasley Ln, 76210, this two-story building boasts a single, private equity-backed tenant under a NNN lease with a remaining term of 7.4 years (expiring April 30, 2032, with commencement March 14, 2022). The property offers a strong NOI of $490,774, resulting in a 6.33% cap rate and a price per square foot of $387.50. Built in 2022, the building features premium finishes and modern amenities, catering to the needs of executive, medical, and traditional office tenants. Its prime Denton location provides excellent visibility and accessibility. The long-term lease and strong tenant provide a stable and predictable income stream, making this a compelling investment opportunity in a thriving Texas market. The property includes rent bumps, ensuring future income growth. This is a single-tenant, single-unit building with 100% occupancy. The asking price is $7,750,000.

Location Insight

City

Denton

County

Denton

State

Texas

Longitude

-97.1132

Latitude

33.1715