223 Sycamore St Denton, TX 76201

This exceptional investment opportunity presents a fully renovated, 2,778 square foot mixed-use office building located at 223 W Sycamore St in Denton, Texas. The property boasts a strong 7.87% cap rate and a long-term, single-tenant NNN lease with 4.9 years remaining (commencing August 1, 2024, and expiring October 31, 2029). The building, constructed in 1930 and extensively renovated in 2019, features a desirable open-space layout, a manager's office, conference room, full kitchen and dining area, and an upstairs workroom/lounge. Seven gated parking spaces are included, along with a two-car garage and fenced backyard. The 0.32-acre lot is zoned MN Mixed Use, allowing for a variety of professional office, retail, and service uses (contact the City of Denton Planning and Zoning for a complete list of permitted uses). The building's high occupancy (100%) and strong net operating income (NOI) of $50,004 make this a compelling investment prospect. The asking price is $635,000, translating to $242.98 per square foot. Lease options are available. This is an ideal investment for those seeking a stable, high-return property in a thriving Texas market.