For Sale
$3,896,000

4301 Kemp BlvdWichita Falls, TX 76308

High-return NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 2,950-square-foot Hawaiian Bros restaurant situated on a 0.92-acre lot in Wichita Falls, Texas. Built in 2024, the property boasts a 20-year absolute NNN lease with a corporate guarantee from a franchisee of Stine Enterprises, a proven operator of multiple restaurant brands including Jack in the Box and Denny's. The lease commenced September 1, 2024, and includes four 5-year renewal options, ensuring long-term stability. Rent increases are structured at 8% every five years, including option periods, providing significant growth potential. The property's asking price is $3,896,000, representing a compelling 5.75% cap rate based on a current net operating income (NOI) of $224,000. The location is highly desirable, situated across from Sikes Senter Mall, the only mall within a 100-mile radius, and within a dense retail corridor alongside major national brands such as Target, Best Buy, and Chick-fil-A. Hawaiian Bros is a rapidly expanding and high-performing restaurant chain, with average unit volumes exceeding $4.6 million. This property offers a secure, passive income stream with substantial upside potential, making it an ideal addition to any diversified investment portfolio. The property is located at 4301 Kemp Blvd, Wichita Falls, TX 76308, in Wichita County. The strong tenant, favorable lease terms, and prime location combine to create a truly exceptional investment opportunity.

Highlights

  • 2024-built, 2,950 SF Hawaiian Bros restaurant on a 0.92-acre lot.
  • 20-year absolute NNN lease with 8% rent increases every five years, including option periods.
  • Sale-leaseback with Stine Enterprises, operator of Jack in the Box, Denny's, and Hawaiian Bros.
  • Rent is 8% of sales.
  • Located across from Sikes Senter Mall, the only mall within 100 miles.
  • Prime retail location near Target, Best Buy, and Chick-fil-A.

Property Details for 4301 Kemp Blvd

Property type
Retail properties, Restaurants
Square Feet
2,950 SF
Year Built
2024
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Wichita Falls
County
Wichita
State
Texas
Latitude
33.8656027
Longitude
-98.5354529
4301 Kemp Blvd, Wichita Falls, Texas

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4301 Kemp Blvd
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