1510 W Hickory St - Drug Store FOR SALE


Denton, TX 76201- Downtown Denton
$7,200,000 USD
917-741-1525
1510 W Hickory St, Denton, TX for Sale
$7,200,000 USD
Drug Store - FOR SALE
1/5
null | 6.27% Cap Rate

1510 W Hickory St
Denton, TX 76201
Downtown Denton


HIGHLIGHTS

  • Adjacent to the University of North Texas (46,000 Enrolment)
  • Located in the Dallas - Fort Worth Texas MSA (4th Largest)
  • .8 Miles from the 255 Bed Texas Health Perspiration Hospital
  • 2.56% Population Growth in 5-Miles
  • Property Ranks in the Top 30% of all CVS Properties Nationally

OVERVIEW

HMX Realty Advisors presents for sale an absolute triple net CVS with 14.4 years of remaining lease term in the Dallas-Ft Worth MSA. The CVS is directly adjacent to the University of North Texas with a student enrollment of approximately 46,000 and .8 miles from the Texas Health Perspiration Hospital with 273 beds and 450 physicians. Texas Women’s University, located 1.1 miles north-east of the CVS has an enrolment of 15,800 students across three campuses with the Denton Campus being the largest. The property is situated across from a major UNT campus entry point with proximity to student residence halls, making it easily accessible on foot for a large portion of the student population. This close proximity highlights its value as a key provider of health and convenience products to the UNT community. UNT is a tier-one research university with 240-degree programs on a 963-acre campus. This CVS is the closest national pharmacy chain to Texas Health Perspiration Hospital Denton https://www.texashealth.org which has 255 beds and a medical staff of 450 physicians. It is one of then largest employers in Denton. Denton is the county seat of Denton County and is located just north of Dallas - Fort Worth on Interstate 35. It is part of the Dallas – Fort Worth MSA which is the 4th most populous in the United States with 7.5 million residents. It has a booming economy with strengths in finance, tech, energy, aviation and logistics. It is a headquarters of 21 fortune 500 and an additional 45 fortune 1000 corporations. The population grew by 2.18% between July 2023 and July 2024 adding 178,000 residents.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS-Top 30%Nationally-University Location UNT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

R654483

ASK ABOUT THIS PROPERTY

Rob JamesHMX1031.COM - NETLEASENAVIGATOR.COMMore Info
917-741-1525

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Rob JamesHMX1031.COM - NETLEASENAVIGATOR.COMMore Info
917-741-1525

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