AIT Laboratories Single Tenant NNN

1500 I-35W, Denton, Texas 76207

Property Available for: Sale

Property Type: Industrial

Sub-Type: Warehouse

Asking Price: $5,877,000

Contact Agent

Alex Payne

O: (940) 891-2947

C: (972) 979-7727


Contact Agent

Brad Andrus

C: (940)368-3588


Property Map

Clear Ceiling Height

No. Dock High Doors

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Office SF

Total Building Size

Total Lot Size

Year Built

Property Description
Approximately 48,803 SF, this single tenant, NNN, industrial investment property is leased to AIT Laboratories, a leading clinical prescription drug monitoring and testing laboratory. Part of the $3.4M renovation in 2016 included a brand new 35,000 SF corporate office area and laboratory. The remaining 13,803 SF is warehouse space. The building also has a new roof, exterior paint and landscaping.

The annual income is $411,444 with a 10% rent increase in 2021.
Location Description
Located in the Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage.
- Single Tenant NNN, 10 Yr. Lease Ending Dec. 2026
- Tenant is AIT Laboratories/a HealthTRACK Rx Company
- Recent Renovations Include Over $3M on Interior & $400k on Exterior Improvements
- 7% CAP at Current Rent, 10% Rent Increase Starts Year 5 of 10 Yr. Lease
- Located in Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage
Site plans
No Additional Files available at this time.