This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,650 square foot Starbucks located at 1200 Central E Fwy, Wichita Falls, TX 76301. Built in 2024, this single-story building sits on a 0.812-acre lot and boasts a 10-year NNN lease with a commencement date of July 9, 2024, and an expiration date of July 30, 2034. The lease includes five, 5-year options, with attractive 10% rent increases every 5 years. The tenant, Starbucks Corporation, is an investment-grade tenant with a strong financial history. The property benefits from a high-traffic location on Central E Fwy, seeing over 42,300 vehicles daily, and is situated across from the newly constructed Wichita Falls Legacy High School. The 5-mile population is 62,445, with an average household income of $65,907 within a 3-mile radius. The property's Net Operating Income (NOI) is $155,832, resulting in a 6.20% cap rate. Starbucks handles all maintenance, minimizing landlord responsibilities. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a rapidly growing area of Texas. The asking price is $2,513,420. The lease is corporately guaranteed, providing significant security for the investor. This property offers a compelling combination of strong tenant, excellent location, and attractive lease terms.
Highlights
High-visibility location directly across from the new Wichita Falls Legacy High School (opened 2024).
Brand new construction, ready for occupancy July 2024.
10-year Net-Net-Net (NNN) lease with minimal landlord responsibilities; Starbucks maintains common areas.
Attractive 10% rent increases every five years throughout the lease term.
Corporate guarantee from Starbucks Corporation.
Strong demographics: 62,445 residents within a 5-mile radius, projected 5% population growth over five years, and $65,907 average household income within a 3-mile radius.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Josh Bishop
Kyle Matthews, CCIM
Visit Broker Website
Learn more
Useful Information
Request information
1200 Central Fwy, Wichita Falls, Texas, 76301
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
1200 Central Fwy
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.