Five Below Leases 9,500 SF Retail Space At 1400-1800 South Loop 288 In Denton
1400 S Loop 288, Denton, TX 76205, USA
Building Size
20,000 SF
Asset Type
Retail
Closing
Jul 29, 2020
AI
The retail property located at 1400-1800 South Loop 288 in Denton has been leased. The transaction was finalized on July 30, 2020. The property, spanning 9,500 square feet, is situated in the Denton market.
Summary of Transaction Details:
- Property Type: Retail
- Tenant: Five Below
- Landlord: Inland Western Denton Crossing
- Tenant's Representative: Gregg Bracchi & Tyler Grisham - EDGE Realty
- Landlord's Representative: David Levinson & Jack Weir - The Retail Connection
- Square Footage: 9,500
Gregg Bracchi and Tyler Grisham from EDGE Realty represented the tenant, Five Below, in this lease transaction. Meanwhile, David Levinson and Jack Weir from The Retail Connection acted as the representatives for the landlord, Inland Western Denton Crossing.
Players
Denton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93