Convenience Store & Gas
For Sale
Contact for pricing
5320 SOUTHWEST PKWY, Wichita Falls, TX 76310
Leased convenience and gas store with remaining lease term and renewal options, offered as a for-sale building and land package.
Property Size2,400 SF
Lot Size0.48 Acres
Price / SF$187.50
Days on Market146
Property Features for 5320 SOUTHWEST PKWY
General Information
Standard status
Active
Size
2,400 SF
Class
B
Lot size
0.48 Acres
Property subtype
Retail
Zoning
GC
Occupancy
100%
Lease Type
NNN
Net Operating Income
$22,800
Building Details
Year Built
1974
Year Renovated
2015
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 11
Changed: Oct 31
Last Checked: Nov 1 at 6:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a convenience and gas store building of approximately 2,400 square feet situated on approximately 0.48 acres of land. The site is described as fully operational as a DK convenience and gas store. The business is stated as not for sale, and the offering is for the building and land.
The location is described as being across from WFISD sports complexes and schools, with nearby new home growth in the area. The lease provides a remaining term of three years and five months, along with two additional renewal options for five years each.
For buyers and operators evaluating a retail convenience and fuel use, this is a purpose-built, operating store that is tied to an in-place lease structure. Current rent is listed at $1,900 per month plus NNN, and the presence of two further five-year renewal options may be important for continuity. Terms and suitability should be verified through due diligence, including the ability to use and maintain the property consistent with the existing lease arrangement.
The location is described as being across from WFISD sports complexes and schools, with nearby new home growth in the area. The lease provides a remaining term of three years and five months, along with two additional renewal options for five years each.
For buyers and operators evaluating a retail convenience and fuel use, this is a purpose-built, operating store that is tied to an in-place lease structure. Current rent is listed at $1,900 per month plus NNN, and the presence of two further five-year renewal options may be important for continuity. Terms and suitability should be verified through due diligence, including the ability to use and maintain the property consistent with the existing lease arrangement.
Key Highlights
- Approximately 2,400 SF convenience and gas store building on about 0.48 AC
- Fully operational DK convenience and gas store
- Lease in place with about 3 years 5 months remaining and two renewal options for 5 years each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,782
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,640
$675.6K
Cap Rate 7%
$482,600
$482.6K
Cap Rate 9%
$375,356
$375.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$49.0K $20.40/SF
− Vacancy
−$3.9K −$1.63/SF
EGI
$45.0K $18.77/SF
− OpEx
−$11.3K −$4.69/SF
NOI
$33.8K $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%
$675,640
Cap Rate 7%
$482,600
Cap Rate 9%
$375,356
Alternative Uses
Best Use
Industrial
$2.58M
$2.26M – $3.01M
NOI $180,624 @ 7.0% cap · market cap 40.14%
Second Best
Specialty Retail
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 7.51%
Theoretical Best
Warehouse
$2.86M
$2.51M – $3.34M
NOI $200,497 @ 7.0% cap · market cap 44.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,599 visits/mo
0.1 miles
Demographics for 76310, TX
20,204
Population
8,450
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
170.3 sq mi
ZIP Area
119
Density / Sq Mi
$83,610
Median Household Income
$46,428
Median Earnings
$1,005
Median Rent
$201,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Leased convenience and gas store with remaining lease term and renewal options, offered as a for-sale building and land package.
Where is this gas station located?
The property is located at 5320 SOUTHWEST PKWY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,400 SF convenience and gas store building on about 0.48 AC; Fully operational DK convenience and gas store; Lease in place with about 3 years 5 months remaining and two renewal options for 5 years each
