1900-1906 9th St | Wichita Falls, TX 76301
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1900-1906 9th St
Wichita Falls, TX 76301
Park Plaza Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity | Currently 89% Occupied | Pro Forma Cap Rate is 9.54%
- Complementary Mix of Internet-Resistant Tenants
- Anchored by Dollar General (47% of the Gross Leasable Area) | Publicly Traded on the New York Stock Exchange (NYSE: DG)
- Priced at $41 per Square Foot | Significantly Below Replacement Cost
PROPERTY FACTS
Property Type
Retail
Building Size
15,940 SF
Building Class
C
Year Built/Renovated
1951/2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.70
Lot Size
0.52 AC
Zoning
Commercial
AMENITIES
- Signage
ABOUT 1900-1906 9TH ST , WICHITA FALLS, TX 76301
Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, 15,940-square foot, multi-tenant retail center in Wichita Falls, Texas. Park Plaza is anchored by Dollar General; other tenants include Park Plaza Pharmacy and Journey of Faith. The center is currently 89 percent occupied with all tenants having gross leases, providing upside potential. Originally constructed in 1951, the building is situated on 0.52-acres.
PROPERTY TAXES
| Parcel Number | 142477 | Improvements Assessment | $205,955 |
| Land Assessment | $62,045 | Total Assessment | $268,000 |
PROPERTY TAXES
Parcel Number
142477
Land Assessment
$62,045
Improvements Assessment
$205,955
Total Assessment
$268,000
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