Retail•Street Retail•For Sale

Teasley Commons

3220 Teasley Ln., Denton, Texas 76210

Sale Price $5,371,168
Bldg Type Multi-Tenant
Year Built 2017
Vacancy 100%
Gross Bldg 13,518 SqFt
This retail center located in thriving Denton, Texas was constructed in 2017. The building sits on a 1.3 acre lot with paved parking. The center is 100% occupied and all leases are triple net. This high quality tenant mix consists of Prime Dentistry, Club Pilates, Marco's Pizza, It's-a-Burger, Cycle Bar, Lone Star Naturals and Sweetwaters Coffee and Tea. All tenants have scheduled rent increases during the primary lease term. New Retail Strip Great Co-Tenants -It's A Burger, Marco's Pizza, Club Pilates, Sweetwaters Coffee and Tea, Ahir Dental and Lone Star Naturals The property is located on Teasley Lane just off the southwest corner of the signalized intersection at Lillian Miller Parkway and FM 2181/Teasley Lane. Traffic counts continue to grow with the latest numbers from 2018 at 20,272 vehicles per day. This area is home to some of the highest demographics in Denton County with a one-mile household income over $95,000 and a five-mile population over 136,000. The property is surrounded by rooftops and adjacent to Sam Houston Elementary School. Additionally neighboring businesses include CVS, DATCU, First State Bank, Denton Public Library, The Learning Experience, along with several medical and professional offices. The city of Denton is situated at the apex of 35W and 35E and is home to three universities. Denton County is also home to Headquarters and Distribution Centers for companies including Peterbilt, Winco, Target, Miller Beer and Charles Schwab. In 2019, Denton was named the #2 Boomtown in the United States and Denton County as a whole continues to experience promising growth.
  • 100% Occupied and All Tenant's are Triple-Net
  • High Quality Tenant Mix
  • Scheduled Rent Escalations with all Tenants
  • Denton and Denton County Experiencing Rapid Growth
  • Newly Constructed in 2017
  • One-Mile Household Income Over $95,000
  • Five-Mile Population Over 136,000
  • 20,272 Vehicles Per Day at Signalized Intersection (2018)
  • Located in Dense Residential Area with Strong Demographics
2/12/2020 10:34:48 PM 2/12/2020 10:34:48 PM

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