NNN Restaurant Property with
For Sale
Contact for pricing
Pending
2210 SOUTHWEST PKWY, Wichita Falls, TX 76308
Restaurant building subject to a full NNN lease with CPI increases and renewal options.
Property Size5,820 SF
Lot Size1.09 Acres
Days on Market121
Property Features for 2210 SOUTHWEST PKWY
General Information
Standard status
Pending
Size
5,820 SF
Class
B
Lot size
1.09 Acres
Property subtype
Retail
Zoning
GC
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$132,480
Additional Details
Cap Rate
7.16%
Patio
Yes
Building Details
Year Built
1998
Year Renovated
2018
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Domain Real Estate Services Inc
Listed By:
Rodd Womble · License #TX 0290048
(940) 733-2279
Source:
Crexi
Added: Jun 19
Changed: Oct 5
Last Checked: Oct 16 at 9:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Domain Real Estate Services Inc
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Investment Insights
Based on property information with market context.
The property is a 5,820-square-foot restaurant building constructed in 1998, with approximately 1,794 square feet of dining patio area. The improvements occupy approximately 47,397 square feet of land and are subject to GC zoning. The operating restaurant business is excluded from the sale; the transaction covers the real estate only.
A full NNN lease is in place with annual CPI increases and two five-year renewal options. The property is located at 2210 Southwest Parkway in Wichita Falls, Texas. Showings and walk-throughs are not permitted, and the restaurant’s operations are not to be interrupted.
A full NNN lease is in place with annual CPI increases and two five-year renewal options. The property is located at 2210 Southwest Parkway in Wichita Falls, Texas. Showings and walk-throughs are not permitted, and the restaurant’s operations are not to be interrupted.
Key Highlights
- 5,820‑square‑foot restaurant building constructed in 1998
- Approximately 1,794 square feet of dining patio area
- Approximately 47,397 square feet of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,922
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,440
$1.6M
Cap Rate 7%
$1,170,314
$1.2M
Cap Rate 9%
$910,244
$910.2K
Market Conditions
NOI Build-Up for 5,820 SF
Gross rent
$118.7K $20.40/SF
− Vacancy
−$9.5K −$1.63/SF
EGI
$109.2K $18.77/SF
− OpEx
−$27.3K −$4.69/SF
NOI
$81.9K $14.08/SF
Area
Wichita Falls, TX
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,440
Cap Rate 7%
$1,170,314
Cap Rate 9%
$910,244
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.37M
NOI $81,922 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$939.7K
$822.2K – $1.10M
NOI $65,779 @ 7.0% cap · market cap 3.87%
Theoretical Best
Warehouse
$6.95M
$6.08M – $8.10M
NOI $486,206 @ 7.0% cap · market cap 28.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Home Improvements & Furnishings 14%
Shops & Services 11%
Hotels & Casinos 3%
Taco Casa
Dining
22,133 visits/mo
0.2 miles
SONIC Drive In
Dining
12,772 visits/mo
0.2 miles
HTeaO
Dining
12,372 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,787 visits/mo
0.4 miles
Stripes
Shops & Services
7,926 visits/mo
0.2 miles
Demographics for 76308, TX
20,305
Population
9,601
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
2,603
Density / Sq Mi
$70,789
Median Household Income
$40,433
Median Earnings
$1,083
Median Rent
$198,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Restaurant building subject to a full NNN lease with CPI increases and renewal options.
Where is this nnn property located?
The property is located at 2210 SOUTHWEST PKWY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,820‑square‑foot restaurant building constructed in 1998; Approximately 1,794 square feet of dining patio area; Approximately 47,397 square feet of land
