221-223 N. Locust Street
Office | 2,900 SqFt
Marketing description
Cooper Real Estate Group, in association with INC Realty, LLC, is pleased to present 221-223 N. Locust Street, a fully-leased, single-story commercial building located one block north of the Historic Denton Square in Downtown Denton, Texas. The ±2,900 SF building sits on a prominent corner lot at N. Locust Street and W. McKinney Street, offering excellent visibility, pedestrian traffic, and access to the vibrant Downtown Denton ecosystem of restaurants, retail, entertainment, and professional services.
The property is 100% occupied by two established local businesses with active leases through approximately mid-2027, providing an investor with immediate, stable cash flow from day one. One tenant is Brave Combo, a Grammy Award-winning band and nationally recognized Denton cultural institution. The second tenant is Soundbox Musicworks, a community music school offering lessons and musical services.
Zoned DC-G (Downtown Code - General), the property supports a wide variety of commercial uses including office, retail, studio, creative, and professional services, subject to City of Denton approval, offering a future owner-occupant or investor significant optionality at lease expiration.
Investment highlights
- Prime Downtown Location - One block from the Historic Denton Square - the undisputed retail, dining, and entertainment hub of Denton County.
- 100% Occupied / Immediate Cash Flow - Both tenant spaces are under active leases through approximately mid-2027. No lease-up risk; income from day one.
- Grammy Award-Winning Tenant - Brave Combo's tenancy provides cultural credibility and reflects the property's role in Denton's storied music identity.
- Established Second Tenant - Soundbox Musicworks is an active community music school with strong local ties and a broadcast presence on Denton community radio.
- Flexible DC-G Zoning - Downtown Code - General zoning supports office, retail, studio, creative, and professional uses - broad optionality at lease rollover.
- Attractive Basis - $198/SF is a competitive entry point for a fully-leased downtown asset in a growing DFW submarket.
- Corner Visibility - High-traffic corner at N. Locust & W. McKinney with storefront presence, on-street parking, and a rear parking lot.
- University-Driven Demand - UNT and TWU combine for 50,000+ students within walking or biking distance, sustaining consistent pedestrian demand.
- Low Landlord Expenses - Tenants pay all utilities. Owner's only recurring expenses are insurance and property taxes ($6,469/yr), keeping net operating costs lean.
- Strong Submarket Trajectory - Continued public and private investment in Downtown Denton supports rent growth and asset appreciation over time.
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