222 Hickory St Denton, TX 76201
- Commercial real estate
- 9,000 SF
- 0.28 lot acres
Current Use by Public Records
- TB Winds / Music Store
- Gold Mine BBQ / Textile Mill
- Namaste Denton / Indian Restaurant
- Layalina Mediterranean Restaurant and Lounge / Hookah Bar / Middle Eastern Restaurant
Property Details for 222 Hickory St
- Year built
- 1930
- Lot size
- 0.28 lot acres
- Property size
- 9,000 SF
- Property type
- Commercial real estate
- APN
- R35487
- APU
- R35487
Description
This exceptional investment opportunity presents a fully occupied, multi-tenant restaurant building located at 222 W Hickory St in the heart of Historic Downtown Denton, Texas. The property boasts a substantial 9,133 square feet, spread across a single story building constructed in 1930 and extensively renovated in 2006. Currently operating under a triple net (NNN) lease structure, the property enjoys 100% occupancy, generating a strong net operating income (NOI) of $138,740, translating to an attractive 7.30% capitalization rate. The asking price is $1,900,000, representing a price per square foot of $208.04. Situated in a highly desirable area known for its vibrant activity and excellent foot traffic, this location is perfect for retail, restaurant, and office users. The property benefits from built-in rent escalations, offering potential for future income growth. This is a rare chance to acquire a stable, high-performing asset in a thriving Texas market. The property's prime location in Denton County, Texas, zip code 76201, ensures consistent demand and strong tenant occupancy. This turnkey investment is ideal for those seeking a reliable and appreciating asset in a dynamic urban setting.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1348
- Latitude
- 33.2149
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
