2211 Southwest Pkwy Wichita Falls, TX 76308
Corporate-leased QSR, strong returns.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Corporate-leased HTeaO, a 15-year absolute NNN single-tenant drive-thru property in Wichita Falls, TX.
- Built in 2020, lease expires December 2038 with 10% rent escalations every five years throughout six, five-year renewal options.
- HTeaO is a leading iced tea franchise.
- High-visibility location with strong demographics: 2,200 SF building with drive-thru, prominent pylon signage, and left-turn access on Southwest Parkway (23,536 VPD).
- Excellent location near Midwestern State University (6,000+ students).
- Strong retail market with over 3.7MM SF of GLA within 1.5 miles, including Sikes Senter Mall.
Property Details for 2211 Southwest Pkwy
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,200 SF
- Year Built
- 2020
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 21,344 SF
- Units
- 1
Location Insight
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Latitude
- 33.8569061
- Longitude
- -98.5222627
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Corporate-leased QSR, strong returns.
- Where is the retail property located?
- The property is located at 2211 Southwest Pkwy Wichita Falls, TX.
- What is the asking price?
- The asking price for this property is $2,250,000.
- What are key features of this property?
- This property features: Corporate-leased HTeaO, a 15-year absolute NNN single-tenant drive-thru property in Wichita Falls, TX.; Built in 2020, lease expires December 2038 with 10% rent escalations every five years throughout six, five-year renewal options.; HTeaO is a leading iced tea franchise.
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