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27609382
27609384

500 Fort Worth Drive, Denton, TX 76201

WW
TX TX 596941
DUWEST
MB
TX 711586
DUWEST
JT
TX 792098
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST
$6,579,000
65 days on market
Updated 10 days ago

Viridian Marketplace

Details
Property Type Retail
Sub Type Medical
Square Footage 13,388
Cap Rate 6.5%
NOI $427,606
Occupancy 100%
Tenancy Multi
Brand/Tenant WellMed
Lease Type NNN
Year Built 2020
Stories 1

New End Cap Tenant | Fully Stabilized Retail

Marketing description

DuWest Realty Investment Services is pleased to present the opportunity to acquire WellMed 3 Tenant Retail ("the Property") located at 500 Fort Worth Dr. (31,0290 VPD) in Denton, Texas. The property benefits from direct access to I-35 (139,230 VPD) and is positioned less than one mile from the University of North Texas, home to more than 47,000 students. Surrounded by dense multifamily and student housing developments, the center is well situated to capture both daily consumer demand and long-term growth trends.

The tenant lineup is anchored by essential service providers, including WellMed, a primary care provider backed by Optum and UnitedHealth Group, and Avoca Coffee, a popular local coffee brand with multiple DFW locations. The property also features a 1,427 SF vacancy, offered as a one-year master lease, providing immediate income stability and leasing opportunity to new ownership.

Denton continues its rapid growth transformation from a small college town into a thriving regional submarket. Denton County’s population has surged nearly 13% since 2020 and over 40% since 2010, making it one of the fastest-growing counties in Texas. The city has been recognized among Texas’ top business climates, driven by robust infrastructure and strong ties to UNT and Texas Woman’s University. Major developments such as Hillwood’s 3,200-acre Landmark project—planned for 6,000 new homes and five million square feet of mixed-use space—are accelerating demand, while H-E-B’s upcoming Denton location, slated for 2026 delivery, further underscores the market’s strength.

WellMed 3 Tenant Retail offers investors a stable service-oriented tenant mix in a prime growth market, supported by exceptional demographics, institutional developments, and long-term regional momentum.

Investment highlights

  • Located in highly trafficked corridor, less than one mile from UNT with ouver 47,000 students

  • Situated amongst dense multifamily and student housing developments

  • Denton’s population has grown nearly 13% since 2020 and over 40% since 2010

  • Essential service tenant lineup — WellMed & Avoca Coffee Roasters

Listing Contacts

WW
TX TX 596941
DUWEST
MB
TX 711586
DUWEST
JT
TX 792098
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$427,606.00
$35,633.83/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Will Walters
License
TX 596941
Brokerage Phone
2146753665
Title
TX
Name
Matt Banas
License
711586
Brokerage
DuWest Realty
Brokerage Phone
(214) 720-0004
Brokerage Address
4403 N Central Expy
Name
Josie Trent
License
792098
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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