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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2211 Southwest Pkwy Wichita Falls, TX 76308

2,200 SF 0.49 ac lot Built 2020
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,200 square foot, single-tenant, corporate-leased HTeaO drive-thru restaurant in Wichita Falls, Texas. Built in 2020, the property boasts a 15-year absolute NNN lease extending to December 2038, featuring 10% rent escalations every five years across six, five-year renewal options. Located on Southwest Parkway (23,536 vehicles per day), this highly visible property benefits from a two-sided pylon sign and convenient left-turn access. The 0.49-acre lot is situated near Midwestern State University (6,000+ students), enhancing its appeal and providing a strong customer base. The surrounding area boasts over 3.7 million square feet of retail gross leasable area within a 1.5-mile radius, including the Sikes Senter Mall. Strong demographics further support this investment, with average household incomes exceeding $95,643 within a one-mile radius and $85,928 within a three-mile radius. Wichita Falls' ranking as one of America's lowest cost-of-living cities adds to the property's long-term value. This turnkey investment offers a compelling 6.00% cap rate and 100% occupancy, making it an ideal addition to any portfolio. The property's strategic location, strong tenant, and favorable lease terms combine to create a secure and profitable investment opportunity. The asking price is $2,250,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2020
Total area 2,200 SF
Lot 0.49 ac (21,344 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • HTeaO - Wichita Falls (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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