4127 Mesa Dr Denton, TX 76207
- Flex space
- 6,500 SF
- 1.13 lot acres
Current Use by Public Records
- City Electric Supply Denton / Wholesaler / Distribution Service
Property Details for 4127 Mesa Dr
- Year built
- 1996
- Lot size
- 1.13 lot acres
- Property size
- 6,500 SF
- Property type
- Flex space
- Property subtype
- Distribution centers
Description
This exceptional investment opportunity presents a 6,500 square foot flex warehouse situated on a 1.13-acre lot in Denton, Texas (zip code 76207). The property, built in 1996, boasts a 12-foot ceiling height and features a desirable split layout: approximately half office space and half air-conditioned warehouse space. The warehouse includes two 10' x 10' roll-up doors and an additional 0.55 acres of secured and gated yard storage, providing ample space for inventory and operations. Currently 100% occupied by City Electric Supply, a large, established national wholesaler, under a single-tenant NNN lease, this property offers a strong, stable income stream. The lease commenced September 1, 2023, and expires August 31, 2028, with a remaining term of approximately 3.8 years. Rent bumps are included in the lease agreement, ensuring consistent rental income growth. The annual net operating income (NOI) is $68,120.04, resulting in an attractive 6.19% capitalization rate. The asking price is $1,100,000. Total operating expenses are $22,250 annually, or $3.71 per square foot. Annual rent per square foot increases incrementally throughout the lease term, starting at $10.48/RSF and reaching $11.21/RSF by the final year. This property represents a compelling investment opportunity with a secure tenant and a strong return on investment.
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
- -97.1774674
- Latitude
- 33.2327575
