Property summary
This exceptional investment opportunity presents a brand-new, 2,950-square-foot Hawaiian Bros restaurant situated on a 0.92-acre lot in Wichita Falls, Texas. Built in 2024, the property boasts a 20-year absolute NNN lease with a corporate guarantee from a franchisee of Stine Enterprises, a proven operator of multiple restaurant brands including Jack in the Box and Denny's. The lease commenced September 1, 2024, and includes four 5-year renewal options, ensuring long-term stability. Rent increases are structured at 8% every five years, including option periods, providing significant growth potential. The property's asking price is $3,896,000, representing a compelling 5.75% cap rate based on a current net operating income (NOI) of $224,000. The location is highly desirable, situated across from Sikes Senter Mall, the only mall within a 100-mile radius, and within a dense retail corridor alongside major national brands such as Target, Best Buy, and Chick-fil-A. Hawaiian Bros is a rapidly expanding and high-performing restaurant chain, with average unit volumes exceeding $4.6 million. This property offers a secure, passive income stream with substantial upside potential, making it an ideal addition to any diversified investment portfolio. The property is located at 4301 Kemp Blvd, Wichita Falls, TX 76308, in Wichita County. The strong tenant, favorable lease terms, and prime location combine to create a truly exceptional investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
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
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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
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
Official district profile
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…
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