109 W Hickory St - Storefront FOR SALE


Denton, TX 76201- Downtown Denton
$2,250,000 USD
940-381-2220
109 W Hickory St, Denton, TX for Sale
$2,250,000 USD
Storefront - FOR SALE
1/6
null | 6.08% Cap Rate

109 W Hickory St
Denton, TX 76201
Downtown Denton


HIGHLIGHTS

  • ?100% Leased NNN Investment
  • ?Leased through August 2031
  • ?Located on the Historic Downtown Denton Square
  • Only two owners in the last 130 plus years
  • ?Building has never before been marketed For Sale

OVERVIEW

The building is +/- 3,000 SF on both its first and second floors, and includes +/- 1,450 SF of basement space.? Norman Roscoe has been at the location since 2019 and recently executed a new five-year NNN Lease for the entire 7,450 SF.? The Lease runs through August 2031 and provides steady in place cash flow on an irreplaceable piece of real estate.? The Evers Building is located on the Historic Downtown Square in Denton, TX.? With roots dating back to the 1800's this building is more than a piece of real estate, it is a piece of history.? Originally opening in December of 1885, The Evers Hardware Store was the longest continually operating business on the Denton square until it closed in 2001.? The iconic window that was added during an early 1900s remodel remains in place and overlooks Downtown and the County Courthouse.? The Evers Building has had only two owners in the last 130 plus years and has never been marketed for sale, making this truly a once in a lifetime opportunity to own a piece of history and be a part of the continued story of the Historic Downtown Denton Square.?

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,000 SF

ZONING

-

APN/PARCEL ID

R32788

ASK ABOUT THIS PROPERTY

Greg JohnsonSVN VERUS CommercialMore Info
940-381-2220

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Greg JohnsonSVN VERUS CommercialMore Info
940-381-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.