Great investment property occupied by a fortune 500 company with a long term graduated term lease. Cap rate average is 6% and NOI averages $117,000 yearly, both of which will increase as lease amount increases over next 3 years. Located on the North side of Denton off of Loop 288 and Hwy 428 in a high growth area. This is a class B office building featuring 12,000 sq ft, reception area, training room, break room, gym with basketball court, open bull pen spaces, large conference rooms and private office. This property also includes 3 efficiency apartments with stable tenants. Property sits on 1.15 acres with ample parking. Long term tenant in place with a graduated lease through 2027.
20560346
Office, Business Opportunities, 2 Story
Denton
2004
1.15
Acres
Well
2
Aluminum siding,Metal
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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