Single-Tenant Applebee's
For Sale
Contact for pricing
2911 Kemp Boulevard, Wichita Falls, TX 76308
Single-tenant restaurant leased under an absolute net structure with no landlord responsibility.
Property Size5,502 SF
Lot Size1.30 Acres
Price / SF$522.88
Days on Market117
Property Features for 2911 Kemp Boulevard
General Information
Standard status
Active
Size
5,502 SF
Class
A
Total Parking Spaces
98
Lot size
1.30 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$208,575
Site & Location
Traffic Count
29,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1995
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
(949) 451-1217
Listed By:
Ronnie Givargis · License #CA 01363135
Source:
Crexi
Added: May 8
Changed: Aug 31
Last Checked: Aug 31 at 1:31AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property contains a 5,502-square-foot Applebee’s restaurant on 1.3 acres, with 98 parking spaces and a 1995 construction date. It is occupied by a single tenant under an absolute net lease, leaving no landlord responsibility under the stated structure.
Approximately ±6 years remain in the primary lease term. The agreement provides annual rent increases during the initial term and throughout four 5-year renewal options. The site is positioned along Kemp Boulevard in Wichita Falls, with a reported traffic count of 29K+ VPD and access to the US-277 on-ramp less than 1 mile away, where traffic is reported at 59K+ VPD.
Within a 3-mile radius, the surrounding commercial area includes 6.5 MSF of retail, 2.1 MSF of office, 840K SF of industrial space, and 5,151 multifamily units.
Approximately ±6 years remain in the primary lease term. The agreement provides annual rent increases during the initial term and throughout four 5-year renewal options. The site is positioned along Kemp Boulevard in Wichita Falls, with a reported traffic count of 29K+ VPD and access to the US-277 on-ramp less than 1 mile away, where traffic is reported at 59K+ VPD.
Within a 3-mile radius, the surrounding commercial area includes 6.5 MSF of retail, 2.1 MSF of office, 840K SF of industrial space, and 5,151 multifamily units.
Key Highlights
- 5,502‑square‑foot restaurant on 1.3 acres
- Single‑tenant Applebee’s occupancy
- Absolute net lease with no landlord responsibility
Property Analytics
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
213k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Leisure 16%
Shops & Services 10%
Electronics 4%
McDonald's
Dining
36,701 visits/mo
0.2 miles
Cinemark 14 Wichita Falls
Leisure
33,406 visits/mo
0.2 miles
Starbucks
Dining
26,467 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,533 visits/mo
0.4 miles
Jason's Deli
Dining
13,025 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant leased under an absolute net structure with no landlord responsibility.
Where is this conventional restaurant located?
The property is located at 2911 Kemp Boulevard Wichita Falls, TX.
What is the asking price?
The asking price for this property is $2,876,900.
What are key features of this property?
This property features: 5,502‑square‑foot restaurant on 1.3 acres; Single‑tenant Applebee’s occupancy; Absolute net lease with no landlord responsibility
