For Sale
$2,513,420

1200 Central FwyWichita Falls, TX 76301

High-growth area, corporate-guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Property Details for 1200 Central Fwy

Property type
Retail properties, Restaurants
Square Feet
1,650 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
35,371 SF

Location Insight

City
Wichita Falls
County
Wichita
State
Texas
Latitude
33.886498
Longitude
-98.467619
1200 Central Fwy, Wichita Falls, Texas

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1200 Central Fwy
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