106 S Red River Expy Burkburnett, TX 76354
Property summary
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
VerifiedCap rate & NOI
Current use
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Pet Store & Service
Value estimations
Owner & transaction history
Zoning & alternative use
SECTION 20 C/B -- COMMERCIAL / BUSINESS DISTRICT 20.1 GENERAL PURPOSE AND DESCRIPTION: The C/B, Commercial/Business, district is established to provide areas for a mixture of nonresidential land uses including office, re…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C/B · Burkburnett, TXSECTION 20 C/B -- COMMERCIAL / BUSINESS DISTRICT 20.1 GENERAL PURPOSE AND DESCRIPTION: The C/B, Commercial/Business, district is established to provide areas for a mixture of nonresidential land uses including office, re…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for C/B in Burkburnett, TX.
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