2211 Southwest Pkwy Wichita Falls, TX 76308
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.
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HTeaO - Wichita Falls (Bike/Boat/Book/etc) Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.