Justice Plaza is comprised of two multi-tenant buildings totaling 23,853 square feet of gross leasable area situated on two land parcels, in addition to six adjacent land parcels for future development, located in a densely populated area of Denton, Texas. The center is currently 56 percent leased, providing significant upside potential. The tenant base is a complementary mix of service-oriented local businesses, including Dodson Legal Group, El Viejon Cocina Y Cantina, African Grocery and Halal Meat market, and Burgess Bail Bonds. The existing buildings are newer (2019) construction with an attractive modern façade featuring metal awnings. 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. Justice Plaza is directly across the street from the Denton County Courthouse, drawing a large daytime population. 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 46,940 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.
- Bank-Owned Asset | Must be Purchased Together as a Portfolio
- Commercial Development Comprised of Two Multi-Tenant Buildings Totaling 23,853 Square Feet and Six Adjacent Land Parcels for Future Office and Retail Construction
- Buildings are Priced at $176 Per Square Foot | Lots are Priced from $10 – $20 Per Square Foot
- Buildings are 56% Leased on Triple-Net Terms | Current Average Rents are Below Market
- Tenants are Service-Oriented, Local Businesses | Leases have Personal Guarantees
- Buildings are Newer (2019) Construction with a Modern 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 46,940 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 | The Three Cities Form the Area Known as the “Golden Triangle of North Texas”
