E. UNIVERSITY DR. – DENTON, TX

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HIGHLIGHTS

  • New 15 – Year Corporate Absolute NNN Lease
  • Located at intersection of two highways US-380 “University Dr.” (38,343 VPD) and Loop 288 (28,967 VPD)
  • Signalized hard corner intersection location, approximately 3-miles northeast of downtown Denton, TX

 


PROPERTY – 3012 E. University Dr. – Denton, TX 
New 2506 +/- SF building on .74 +/- acre site

Built in 2019

7-Eleven is located at the southwest quadrant of US-380 “University Dr.” (38,343 VPD) and Loop 288 (28,967 VPD). Within a 5-mile radius of the subject 7-Eleven the immediate trade area features above average population demographics of 119,901 people and 55,204 employees.  The University of North Texas (37,393 students) is approximately 4-miles southwest of the subject 7-Eleven, and Texas Woman’s University (15,000 students) is located approximately 2.5 – miles southwest of the subject property. Corporate absolute triple net lease with no landlord responsibility, and 10% rent increases every 5-years in the primary term and option periods for a great hedge against inflation.  Located at the signalized intersection and of two popular thoroughfares/commercial corridors in the region, US-380 and Loop 288, approximately 41-miles northwest of downtown Dallas, TX.  


TRAFFIC COUNTS

  • US – 380 “University Dr.” (38,343 VPD)
  • Loop 288 (28,967 VPD)

LEASE OVERVIEW
  • Lease Type: 15 Corporate Absolute NNN Lease
  • Rent Increase: 10% rent increases every 5- years in the primary term and option periods
  • Net Operating Income: 149,166