Justice Plaza I

Price: $3,721,000
Sq. Ft.: 11,905
Cap Rate: 6.91%
Built: 2019

Justice Plaza I is a 11,905-square-foot, multi-tenant neighborhood retail center located in a densely populated area of Denton, Texas. The center is currently 100 percent occupied, and all leases are triple-net. The tenant base is a complementary mix of service-oriented local businesses, including Dodson Legal Group, El Rincon de Maiz Mexican Restaurant, and Duino Coffee. The building is new (2019) construction with an attractive façade and is situated on a 0.6-acre parcel. A double-sided monument sign at the property entrance provides additional exposure to the center.

The subject property is positioned near the signalized intersection of East McKinney Street and North Locust Street. The property is easily accessible from multiple ingress and egress points. Traffic counts exceed 19,208 vehicles per day. National and regional retailers in close proximity include Dollar General, Fuzzy’s Taco Shop, Plains Capital Bank, Golden Chick, Family Dollar, O’Reilly’s Auto Parts, McDonald’s, Rent-A-Center, Ace Hardware, Firestone, Planet Fitness, Kroger, Dollar Tree, KFC, Torchy’s Taco, Sherwin Williams, AutoZone, and many more. Justice Plaza is also in close proximity to both the University of North Texas and Texas Woman’s University with current enrollment of approximately 44,532 students and 15,958 students, respectively. The surrounding area has strong demographics; the five-mile population is 150,089 residents, and the average household income exceeds $81,782 within a five-mile radius.

  • 11,905-Square-Foot, Three-Tenant Retail Center | 100% Occupied | All Leases are Triple-Net
  • Part of a Commercial Development with Plans for Additional Office and Retail Construction (See Page 7 for Proposed Site Plan)
  • Complementary Mix of Service-Oriented, Local Businesses | 100% of the Leases have Personal Guarantees
  • Building is Newer (2019) Construction with an Attractive Façade | Double-Sided Pylon Signage at the Entrance Enhances Visibility
  • Near the Signalized Intersection of East McKinney Street and North Locust Street | Easily Accessible from Multiple Ingress and Egress Points | Traffic Counts in Front of the Property Exceeds 19,208 Vehicles Per Day
  • Well Positioned to Serve a Large Daytime Workforce of 63,100+ Employees within a Five-Mile Radius
  • Directly Across from the Denton County Courthouse | Close Proximity to the University of North Texas and Texas Woman’s University | Current Enrollment of Approximately 44,532 Students and 15,958 Students, Respectively
  • Densely Populated Area with more than 150,089 Residents Located within a Five-Mile Radius
  • Denton is Approximately 35 Miles Northwest of Dallas and 40 Miles Northeast of Fort Worth | These Three Cities Form the Area Known as the  “Golden Triangle of North Texas”