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2210 Southwest Pky 5,820 SF Retail Building Wichita Falls, TX 76308 $1,848,000 ($317.53/SF) 7.17% Cap Rate
Investment Highlights
- Well established Mexican food restaurant.
- NNN
- 2 five year options to renew
- High traffic intersection.
- CPI increases every year.
Executive Summary
A building known as the EL Tapatio restaurant ( in business since June 2018) with approximately 5,820 square feet of building including a approximately 1,794 sqft dinning patio and approximately 47,397 square feet of land. The business is not included in the sale. 7.16% cap rate. Full NNN lease in place with CPI yearly increases. 2 x 5 year options to renew. More information available upon request. Do not show/walk through the property. Do not interrupt the restaurant's business. Purchase of the property only.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,820 SF
Building Class
B
Year Built/Renovated
1998/2018
Price
$1,848,000
Price Per SF
$317.53
Cap Rate
7.17%
NOI
$132,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.09 AC
Zoning
GC
Parking
67 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250’ on Southwest Pkwy
Amenities
- Restaurant
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- El Tapatio Cafe & Cantina Iv
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| El Tapatio Cafe & Cantina Iv | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102631 | Improvements Assessment | $635,754 |
| Land Assessment | $314,246 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
102631
Land Assessment
$314,246
Improvements Assessment
$635,754
Total Assessment
$950,000
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Contact the Sale Advisor
2210 Southwest Pky