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1400 S Loop 288, Denton, TX...

Five Below Leases 9,500 SF Retail Space At 1400-1800 South Loop 288 In Denton
LEASEDRetail

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

David Levinson

Broker

$46.8M

vol

6 deals

Broker
FB
Five BelowTenant

Denton Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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