4127 Mesa DrDenton, TX 76207

Property Details for 4127 Mesa Dr

Year built

1996

Lot size

1.13 AC

Property size (Sq ft)

6,500 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a 6,500 square foot flex warehouse situated on a 1.13-acre lot in Denton, Texas (zip code 76207). The property, built in 1996, boasts a 12-foot ceiling height and features a desirable split layout: approximately half office space and half air-conditioned warehouse space. The warehouse includes two 10' x 10' roll-up doors and an additional 0.55 acres of secured and gated yard storage, providing ample space for inventory and operations. Currently 100% occupied by City Electric Supply, a large, established national wholesaler, under a single-tenant NNN lease, this property offers a strong, stable income stream. The lease commenced September 1, 2023, and expires August 31, 2028, with a remaining term of approximately 3.8 years. Rent bumps are included in the lease agreement, ensuring consistent rental income growth. The annual net operating income (NOI) is $68,120.04, resulting in an attractive 6.19% capitalization rate. The asking price is $1,100,000. Total operating expenses are $22,250 annually, or $3.71 per square foot. Annual rent per square foot increases incrementally throughout the lease term, starting at $10.48/RSF and reaching $11.21/RSF by the final year. This property represents a compelling investment opportunity with a secure tenant and a strong return on investment.

Location Insight

City

Denton

County

Denton

State

Texas

Latitude

33.2328

Longitude

-97.1775

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