4301 Kemp BlvdWichita Falls, TX 76308

Property Details for 4301 Kemp Blvd

Year built

1979

Construction

WOOD

Lot size

0.92 AC

Property size (Sq ft)

4,532 SF

Zone code

GC

Property type

Turn key restaurants

APN

2303 114 01

APU

230311401

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,290

  6.5%

  $1,157,806

  7%

  $1,075,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,331,210

  Geo Method

  $1,374,131

• Alternative Use

  Use

  Valuation

  Residential

  $976,653

  Hospitality

  $894,609

  Educational

  $744,304

  Medical

  $769,902

  Retail

  $1,157,806

Location Insight

City

Wichita Falls

County

Wichita

State

Texas

Latitude

33.8655

Longitude

-98.5353

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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