Property profile

4301 Kemp Blvd Wichita Falls, TX 76308

OFF-MARKET
Turn key restaurants
Property ID
US82-7289923
4,532 SF 0.92 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction WOOD
Total area 4,532 SF
Lot 0.92 ac (40,075 SF)
Zoning code GC
APN 2303 114 01
UPID US82-7289923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

4301 Kemp Blvd Wichita Falls, TX 76308-3717
Wichita Falls metro Census 12002 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2024
Price N/A
2022
Price N/A
2005
Price N/A

Zoning & alternative use

GC · Wichita Falls, TX
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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