Denton, Texas, is a prime location for investing in Retail Properties, with a strong economy driven by educational services, health and social services, manufacturing, and retail sectors. The city's population of approximately 140,000 residents creates a high demand for retail spaces, making it an attractive opportunity for investors. Retail Properties in Denton can represent a diverse range of investments, from strip centers and shopping malls to freestanding retail buildings and restaurants. With its rich music scene, cultural events, and attractions like the Denton Arts and Jazz Festival, the city draws over 300,000 visitors annually, providing a strong customer base for retail businesses. Additionally, Denton's infrastructure, including Denton Municipal Electric and Atmos Energy, supports the growth of retail establishments. The city's location near Lewisville Lake and its proximity to Dallas and Fort Worth also make it an attractive location for businesses and residents alike.
With 20 Retail Properties available for sale in Denton, investors have a wide range of options to choose from. The average price per square foot for Retail Properties in Denton is $345 USD, with an average size of 22,368 square feet and a largest size of 260,941 square feet. The average cap rate for Retail Properties in Denton is 6.32%. In addition to Retail Properties, Denton also offers other investment opportunities, such as Shopping Centers, which can provide a steady income stream through anchor tenants and local businesses. Restaurants are another popular option, with the city's active music scene and cultural events drawing in visitors from across the region. Office Properties and Hotels are also available, offering investors a range of options to diversify their portfolios. With its strong economy and growing population, Denton is an attractive location for investors looking to capitalize on the retail market.
What is the average cap rate for retail properties in Denton?
For investors seeking to capitalize on Denton's growing retail sector, understanding the average cap rate is crucial. According to current market trends, the average cap rate for retail properties in Denton is 6.32%, which is an attractive return on investment considering the city's strong economic drivers, including its educational institutions, healthcare services, and manufacturing industries; to learn more about how cap rates work, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Denton, Texas, the location and foot traffic of retail properties significantly impact their values. Properties situated in high-traffic areas, such as the Denton Square, with its revitalized local shops and restaurants, or near the University of North Texas, with its large student population, tend to command higher prices, with an average price per square foot of $345 USD and average size of 22,368 square feet, compared to those in less populated areas.
