Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2008
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire a single-tenant drive-thru (the “Property”, “Offering”), located in an attractive retail and medical business park just off Interstate-35 in Denton, TX. The 2,565 square foot property features over five years of remaining lease term to Rising Sun Café (the “Tenant”), at a below-market rent with zero remaining options. Future ownership stands to benefit from over five years of attractive cash flow with mark to market upside in an increasingly robust DFW retail market where retail rents have increased by 7.5% dating back to January 2021. Additionally, the in-place drive-thru and 2,565 of leasable SF provides for a building with a configuration that is highly attractive to single-tenant retail users. The Property is situated in an attractive commercial business park that includes a significant amount of surrounding multi-family density, in addition to being a sought-after medical user location due to the proximity to Medical City Denton Hospital immediately to the east. The Offering provides investors the opportunity to acquire a single-tenant drive-thru asset on a landlord favorable net lease, providing over 5 years of in-place cash flow with attractive mark to market upside at lease roll.


Investment highlights

5.8 YEARS REMAINING ON A LANDLORD FRIENDLY NET LEASE STRUCTURE

SINGLE-TENANT DRIVE-THRU ASSET

ZERO REMAINING OPTIONS AT THE END OF LEASE TERM AND BELOW MARKET RENT

POSITIONED IN A HIGHLY ACTIVE MEDICAL AND RETAIL BUSINESS PARK ALONG I-35

OUTSTANDING SURROUNDING DENSITY (156,000+) AND POPULATION GROWTH (PROJECTED 6.55% OVER NEXT 5 YEARS)

AFFLUENT DEMOGRAPHICS ($125K AVG HH INCOME IN 3-MILES)

IMMEDIATELY PROXIMATE TO MEDICAL CITY DENTON HOSPITAL

THE SURROUNDING SHOPPING CENTERS ARE SOME OF THE MOST VISITED IN THE STATE OF TEXAS – INDICATIVE OF A HIGH-PERFORMING RETAIL TRADE AREA



Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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