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 Market101
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: Sep 17
Last Checked: Sep 18 at 8:05AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,782
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
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Market
Vacancy Rate% for Retail in South region
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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
