Market Square Shopping Center

Market Square | Denton, TX


Sands Investment Group is Pleased To Exclusively Offer For Sale the 18,100 SF Market Square Shopping Center Asset on North Loop 288 in Denton, Texas. This is a Rare Value Add Opportunity in The Dallas-Fort Worth Metroplex With Low in-Place Rent and Short Term Leases

  • Low in-Place Rent of $16.40/SF vs $20/SF Market Rate
  • Value-Add DFW Neighborhood Strip Center
  • Good Demos: 68,859 3-Mile Population With $78,388 Average Income
  • Strong Traffic With Loop 288 Seeing 33,000+ VPD
  • Significant Retail and Multi-Family Development on the Intersection of E McKinney St and Loop 288
  • Center Has Ideal Frontage, Visibility, and Access
  • Ability to Convert Tenants to NNN as Leases Roll
  • Property Has Not Traded in Over 30 Years and Has Little to No Deferred Maintenance

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

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Rite Aid

 

  • Single Tenant NNN Lease with 9 Years Remaining
  • Central Retail Location
  • Rent Increases in March 2018
  • Tenant Recently Completed a $75,000 Wellness Center at this Location
  • Rite Aid is publicly Traded on the NYSE (RAD) & Boasts $25B in Revenue, $250M in Net Income