For Sale
$2,250,000

2211 Southwest PkwyWichita Falls, TX 76308

Corporate-leased QSR, strong returns.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 2,200 square foot, single-tenant, corporate-leased HTeaO drive-thru restaurant in Wichita Falls, Texas. Built in 2020, the property boasts a 15-year absolute NNN lease extending to December 2038, featuring 10% rent escalations every five years across six, five-year renewal options. Located on Southwest Parkway (23,536 vehicles per day), this highly visible property benefits from a two-sided pylon sign and convenient left-turn access. The 0.49-acre lot is situated near Midwestern State University (6,000+ students), enhancing its appeal and providing a strong customer base. The surrounding area boasts over 3.7 million square feet of retail gross leasable area within a 1.5-mile radius, including the Sikes Senter Mall. Strong demographics further support this investment, with average household incomes exceeding $95,643 within a one-mile radius and $85,928 within a three-mile radius. Wichita Falls' ranking as one of America's lowest cost-of-living cities adds to the property's long-term value. This turnkey investment offers a compelling 6.00% cap rate and 100% occupancy, making it an ideal addition to any portfolio. The property's strategic location, strong tenant, and favorable lease terms combine to create a secure and profitable investment opportunity. The asking price is $2,250,000.

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
2211 Southwest Pkwy, Wichita Falls, Texas

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2211 Southwest Pkwy
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