2053 Loop 11 | Wichita Falls, TX 76306
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2053 Loop 11
Wichita Falls, TX 76306
Auction - NNN Carl's Jr | Backfill Potential · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $150,000 | NNN Carl’s Jr. | 11+ Years Remaining | Current Tenant Delinquent - Strong Sales -Backfill Potential | AUCTION OCTOBER 14-16
- Tenant Payment Delinquency Creates Value-Add Play: Current franchisee is 5 months behind on rent, giving investors flexibility to reposition/re-tenant
- Strategic Highway Location with Strong Traffic Counts: Positioned directly off US Hwy-287 (25,300+ VPD) and near I-44 (31,400 VPD)
- Current NNN Lease with 11+ Years Remaining: Tenant remains under a long-term absolute net lease with no landlord responsibilities
- Franchisee Guaranty – Backed by Proven Multi-Unit Operator: Lease is guaranteed by OK Restaurant Holdings, LLC
- Dense Residential and Commercial Trade Area: Outparcel to Atwoods Farm Supply, adjacent to hotel and gas station
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,080 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
GC - Commercial
Parking
30 Spaces (9.74 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
PROPERTY TAXES
| Parcel Number | 140152 | Improvements Assessment | $339,119 |
| Land Assessment | $217,452 | Total Assessment | $556,571 |
PROPERTY TAXES
Parcel Number
140152
Land Assessment
$217,452
Improvements Assessment
$339,119
Total Assessment
$556,571
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