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216 Liberal St 3,874 SF Retail Building Dalhart, TX 79022 $675,000 ($174.24/SF) 7.47% Cap Rate

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Executive Summary

Subway has operated at the property since 2000, demonstrating long-term location viability; the franchisee operates eight (8) Subway locations across the Texas Panhandle.
Mexico Mart is one of only eight Latino-centered grocery stores in the entire Panhandle, serving a loyal and underserved customer base in Dalhart with strong daily-needs demand.
Absolute NNN leases on both tenants with zero landlord responsibility for taxes, insurance, maintenance, or capital expenditures.
Low rent basis and attractive price point, providing strong yield potential and an accessible entry opportunity for private capital.
Hard-corner location at a primary in-town intersection with excellent visibility and site functionality.
Highly accessible site with immediate access off a major highway, ideal for quick-service food and daily-needs retail.
Dalhart’s economy is anchored by cattle feedlots, dairies, and grain production, providing a stable employment base and consistent demand for essential retail.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,874 SF
Building Class
C
Year Built
1993
Price
$675,000
Price Per SF
$174.24
Cap Rate
7.47%
NOI
$50,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.67 AC
Frontage
116’ on Liberal St

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -

Property Taxes

Property Taxes

Parcel Number
000000011440
Land Assessment
$40,600
Improvements Assessment
$285,620
Total Assessment
$326,220
  • Listing ID: 39289887

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 216 Liberal St, Dalhart, TX 79022

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