For Sale
$33,273,000

3201 Lawrence Rd Wichita Falls, TX 76308

157,927 SF, 7.25% Cap Rate, NNN Lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 157,927-square-foot retail power center, situated on a 20.62-acre lot at 3201 Lawrence Rd, Wichita Falls, TX 76308, presents a compelling investment opportunity. Built in 2011, this single-story, fee-simple property boasts a diverse portfolio of national tenants including AT&T, PetSmart, Office Depot, Michaels, Qdoba, Ulta, HomeGoods, Five Below, Old Navy, GameStop, James Avery, American Eagle, Buckle, Crumbl, Cotton Patch, Firehouse Subs, and Bath & Body Works. The property enjoys 100% occupancy with a triple-net (NNN) lease structure, offering a 7.25% cap rate and significant upside potential. Located in a high-traffic area with over 25,100 cars passing daily, this center benefits from its proximity to Midwestern State University and a strong demographic profile, including a 10-mile population of 116,033 residents with an average household income of $82,091. The property is zoned C and is considered a top-performing shopping center within a 50-mile radius, attracting over 2.7 million visitors annually. Its strategic location is approximately 2.5 hours south of Oklahoma City and 2 hours northwest of Dallas/Fort Worth International Airport. Over 85% of the tenants have occupied the space since the center's opening. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant mix and exceptional long-term growth prospects.

Highlights

  • Quail Creek is the #1 shopping center within a 50-mile radius, attracting 2.7 million annual visitors.
  • High-visibility location on a signalized hard corner with over 25,100 cars passing daily.
  • Quail Creek ranks in the top 80% of Texas shopping centers.
  • Conveniently located 2.5 hours south of Oklahoma City and 2 hours northwest of DFW Airport.
  • Over 85% of tenants have occupied the center since its opening.
  • Situated in a prime retail corridor with 116,033 residents within a 10-mile radius.

Property Details for 3201 Lawrence Rd

Property type
Lifestyle centers, Power centers
Square Feet
157,927 SF
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
898,207 SF
Units
1

Location Insight

City
Wichita Falls
County
Wichita
State
Texas
Latitude
33.8750919
Longitude
-98.5365698

FAQs

What type of property is this?
Lifestyle center - 157,927 SF, 7.25% Cap Rate, NNN Lease
Where is the lifestyle center located?
The property is located at 3201 Lawrence Rd Wichita Falls, TX.
What is the asking price?
The asking price for this property is $33,273,000.
What are key features of this property?
This property features: Quail Creek is the #1 shopping center within a 50-mile radius, attracting 2.7 million annual visitors.; High-visibility location on a signalized hard corner with over 25,100 cars passing daily.; Quail Creek ranks in the top 80% of Texas shopping centers.
How can I contact the broker?
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3201 Lawrence Rd
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