3651 N Interstate 35 Denton, TX 76207

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.