3201 Lawrence Rd Wichita Falls, TX 76308-1608
Property summary
This exceptional 157,927-square-foot retail power center, situated on a 20.62-acre lot at 3201 Lawrence Rd, Wichita Falls, TX 76308, presents a compelling investment opportunity. Built in 2011, this single-story, fee-simple property boasts a diverse portfolio of national tenants including AT&T, PetSmart, Office Depot, Michaels, Qdoba, Ulta, HomeGoods, Five Below, Old Navy, GameStop, James Avery, American Eagle, Buckle, Crumbl, Cotton Patch, Firehouse Subs, and Bath & Body Works. The property enjoys 100% occupancy with a triple-net (NNN) lease structure, offering a 7.25% cap rate and significant upside potential. Located in a high-traffic area with over 25,100 cars passing daily, this center benefits from its proximity to Midwestern State University and a strong demographic profile, including a 10-mile population of 116,033 residents with an average household income of $82,091. The property is zoned C and is considered a top-performing shopping center within a 50-mile radius, attracting over 2.7 million visitors annually. Its strategic location is approximately 2.5 hours south of Oklahoma City and 2 hours northwest of Dallas/Fort Worth International Airport. Over 85% of the tenants have occupied the space since the center's opening. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant mix and exceptional long-term growth prospects.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Nail Salon
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Dental Office
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Crypto Atm Atm
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Take-out & Catering
Value estimations
Owner & transaction history
Zoning & alternative use
MANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
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
GC · Wichita Falls, TXMANUFACTURED HOUSING RESIDENTIAL DISTRICT § 3330 Purpose. § 3340 Permitted uses. § 3350 Conditional uses. § 3355 Development regulations. Pt 3360 LO-LIMITED OFFICE DISTRICT Pt 3370 LC-LIMITED COMMERCIAL DISTRICT Pt 3450…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for GC in Wichita Falls, TX.
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