Southridge Plaza

Price: $9,551,940
Sq. Ft.: 25,816
Cap Rate: 6.50%
Pro Forma Cap Rate: 7.77%
Built: 1986, 2015
NNN
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Southridge Plaza offers investors a unique combination of durable cash flow and long-term land value in one of Denton’s most established retail corridors. The existing shopping center features a diverse mix of medical and service-oriented tenants, highlighted by a 10,200-square-foot freestanding Surepoint Emergency Center on a long-term, triple-net lease, along with MINT Dentistry and Freedom Title. The tenant mix provides a strong base of service-oriented uses with contractual rent growth and limited landlord responsibilities.

What differentiates this asset is the adjacent 30,284-square-foot development parcel positioned on a signalized hard corner immediately adjacent to Interstate 35E. Whether developed as a ground lease, quick-service restaurant, medical outparcel, financial institution, or complementary retail use, the pad site represents a significant source of future value that is increasingly difficult to replicate within the Denton market.

Southridge Plaza occupies one of the most visible retail locations in Denton, positioned immediately adjacent to Interstate 35E and directly across from Golden Triangle Mall. The property benefits from exceptional regional accessibility, multiple points of ingress and egress, and exposure to more than 109,000 vehicles per day traveling along Interstate 35E, in addition to substantial traffic generated by Lillian Miller Parkway, Loop 288, and Teasley Lane.

 

DURABLE IN-PLACE CASH FLOW WITH HIGH-VALUE DEVELOPMENT UPSIDE

The property combines stable in-place income from long-term triple-net tenants with a separately developable 30,284-square-foot pad site, creating both immediate cash flow and significant long-term upside.

SEPARATE PAD MONETIZATION OPPORTUNITY

The 30,284-square-foot, hard-corner pad provides investors with the flexibility to pursue a future ground lease, build-to-suit, pad sale, or other development strategy independent of the existing shopping center.

IRREPLACEABLE HARD-CORNER LOCATION WITH EXCEPTIONAL TRAFFIC

Strategically positioned at the signalized hard corner of Lillian Miller Parkway and the I-35E frontage road, Southridge Plaza benefits from exposure to more than 109,000 vehicles per day along I-35E and 17,500+ vehicles per day along Lillian Miller Parkway. The combination of freeway visibility, signalized access, and increasingly scarce infill land creates a location that would be difficult to replicate in the Denton market.

DIRECTLY ACROSS FROM DENTON’S DOMINANT RETAIL DESTINATION

Located opposite Golden Triangle Mall and surrounded by national retailers, Southridge Plaza benefits from one of the strongest concentrations of retail traffic in Denton.

STRONG LONG-TERM LAND APPRECIATION POTENTIAL

The combination of freeway frontage, regional retail demand, and limited future commercial land supply supports continued appreciation of the underlying real estate beyond the existing income stream.

DENSE TRADE AREA WITH MULTIPLE DEMAND DRIVERS

The property draws from a rapidly expanding population base supported by the University of North Texas, Texas Woman’s University, Medical City Denton, and numerous major employers throughout the Denton market.

STABLE NNN CASH FLOW

The shopping center is leased to established service-oriented tenants under NNN lease structures with contractual rent growth, providing durable income while preserving future flexibility for the owner.