2211 Southwest PkwyWichita Falls, TX 76308

Property Details for 2211 Southwest Pkwy

Year built

2020

Lot size

0.49 AC

Property size (Sq ft)

2,200 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.8569

Longitude

-98.5223

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