Skip to content

Summer 2013 Real Estate Investment in Argyle, TX

April 30, 2013

If I were investing in real estate in Argyle, TX this summer I would invest in retail space. Argyle is currently under-saturated in terms of retail property. The population of Argyle has increased by 39.7% since 2000 and retail development has not kept up with this explosive population growth. Argyle is in Denton County, which has lower amounts of retail property per 10,000 population than the Texas average in every major category (grocery stores, supercenters, specialty stores, convenience stores, and restaurants). That number is also skewed upward by the relatively high concentration of retail properties within Denton’s city limits. In addition, Argyle’s average household income is nearly 3 times the state average, and the average daily commute to work for Argyle residents is over 30 minutes.

There is significant profit potential in providing Argyle residents with retail options closer to home. The large majority of Argyle residents travel to Denton or Roanoke to do their shopping, both of which are approximately 15 minutes away from Argyle’s town limits. Currently, there are no grocery stores in Argyle, only two gas stations, and only one small strip mall development that has been notoriously poorly managed. I-35 W, TX 377, and TX 407 all go through Argyle. Only one of 3 Argyle exits off of I-35 W is developed in any way, and multiple hard corner properties in Argyle are completely undeveloped. In short, there exists considerable opportunity for the right investor to enter into the Argyle retail real estate profit and earn a very nice return.

Sources:

city-data.com

U.S. Census Bureau

 

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: