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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.
•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