Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Outlet malls

    106 S Red River Expy, Burkburnett, TX 76354

    43,756 SF 6.03 ac lot Built 1982
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-6967251
    106 S Red River Expy, Burkburnett, TX 76354 For Lease
    $5,145,000
    106 S Red River Expy, Burkburnett, TX 76354
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 43,769 square foot retail power center, situated on a 6.03-acre lot in Burkburnett, Texas, presents a unique investment opportunity. The property, built in 1982 and boasting a Class B rating, offers flexible space options ranging from 2,381 to 21,466 contiguous square feet, ideal for a variety of retail uses. Previously occupied by Walmart, generating approximately $13 million in annual sales until 2007, this location benefits from high visibility on the South Red River Expressway, with excellent access to Interstate 44, US Highway 281, and US Highway 277. The property features ample parking with 298 spaces and is zoned C/B (Commercial Business District). Burkburnett's strategic location, approximately 10 miles north of Wichita Falls and equidistant between Dallas and Oklahoma City, provides access to a substantial regional trade area exceeding 400,000 people. The presence of Sheppard Air Force Base, a major employer with nearly 16,000 personnel, further strengthens the area's economic vitality. This is a prime opportunity to capitalize on a high-traffic location with a proven track record in a growing market. The single building is comprised of multiple tenancies.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1982
    Construction CONCRETE BLOCKS
    Total area 43,756 SF
    Lot 6.03 ac (262,667 SF)
    Zoning code C/B
    APN 5M16 004 00
    UPID US82-6967251
    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
    • Tractor Supply Co. Pet Store & Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.47M
    Blend (final) Blend
    $5.15M
    Owner & transaction history
    Wm Burkburnett Partners LLC · 20 yrs held
    Wm Burkburnett Partners LLC
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    C/B · Burkburnett, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $7.5M +63.5%
    Office building $6.1M +32.8%
    Industrial (general) $5.7M +24.3%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message