3651 Interstate 35 Denton, TX 76207
- Commercial real estate
- 14,600 SF
- 2.09 lot acres
Current Use by Public Records
- Duluth Trading Company / Clothing Store / Men'S Clothing Store
Property Details for 3651 Interstate 35
- Year built
- 2018
- Lot size
- 2.09 lot acres
- Property size
- 14,600 SF
- Property type
- Commercial real estate
- APN
- R725129
- APU
- R725129
Description
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.
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
- -97.1743
- Latitude
- 33.2261
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
