Property Name

Viridian Marketplace

Location
500 Fort Worth Drive
Denton, TX 76201
Price
$
6,466,000
NOI
$
429,997
Occupancy
100
%
Cap Rate
6.65
%
GLA
13,388 SF
Lease Type
NNN
Year Built
2020
OM
Description
  • 100% Leased, 3-Tenant Retail Center | 2020 Construction | Average Lease Term Expiration May 2031 | Drive-Thru End Cap
  • Complementary Tenant Mix with WellMed (Corporate), Avoca Coffee (4 Locations Across DFW), & Universal Smoke & Vape (4 Locations Across DFW); All Tenants Experiencing Annual Rent Bumps During Primary Term
  • WellMed with 330+ clinics & 18,000+ affiliated providers across TX, FL & NM. Owned by Optum, the care-delivery arm of UnitedHealth Group, Inc. (NYSE: UNH)
  • Benefits from Parallel Positioning to Fort Worth Road (28,700+ VPD) Near its Direct Access to I-35E (122,800+ VPD), in a Primary Retail Corridor with 3.4MM+ SF of Retail GLA in a 2-Mile Radius
  • Denton is the 20th Most Populous City in Texas (DEDC) | 30 Minutes from DWF Internation Airport & Dallas Love Field | 31% Population Increase Since 2010
  • Near Landmark by Hillwood; a 3,200-Acre Master Planned Development by Perot, 6,000+ Homes by Nine (9) Builders Ranging from $300K - $1M+ in Price, 1,100 Acres of Integrated Parks & 5M SF of Mixed-Use Commercial Space
  • Two (2) Brand New H-E-B Grocery Openings in Denton; Robson Ranch Location Set for 133,900+ SF Slated to Open Early 2027, University Drive Location Set for 126,800+ SF Slated to Open Fall of 2027
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