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Hobby Lobby-Anchored Shopping Center 2805-2811 Southwest Pky 131,880 SF 96% Leased Retail Building Wichita Falls, TX 76308 $12,800,000 ($97.06/SF) 7.75% Cap Rate
Investment Highlights
- BEST-IN-CLASS NATIONAL TENANT MIX
- 20+ YEAR OPERATING HISTORY
- HIGHLY TRAFFICKED LOCATION, EXCELLENT ACCESS, AND VISIBILITY
- TOP PERFORMING HOBBY LOBBY
- FAVORABLE LEASE STRUCTURES WITH ATTRACTIVE RENTAL INCREASES
- INCOME TAX-FREE STATE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
131,880 SF
Building Class
C
Year Built/Renovated
1969/2025
Price
$12,800,000
Price Per SF
$97.06
Cap Rate
7.75%
NOI
$991,384
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
13.22 AC
Zoning
GC
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This space is a fully furnished restaurant space with full buildout remaining in the space. The former restaurant historically had exceptional sales year over year and a health ratio of 4%. Endcap space highly visible from Kemp Blvd and Southwest Parkway offering ample parking and easy access.
| Space | Size | Space Use | Position | Available |
| 2801 | 5,338 SF | Restaurant | End Cap | Now |
2801
| Size |
| 5,338 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
2801
| Size | 5,338 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
This space is a fully furnished restaurant space with full buildout remaining in the space. The former restaurant historically had exceptional sales year over year and a health ratio of 4%. Endcap space highly visible from Kemp Blvd and Southwest Parkway offering ample parking and easy access.
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 142987 | Improvements Assessment | $764,932 |
| Land Assessment | $3,287,068 | Total Assessment | $4,052,000 |
Property Taxes
Parcel Number
142987
Land Assessment
$3,287,068
Improvements Assessment
$764,932
Total Assessment
$4,052,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Hobby Lobby-Anchored Shopping Center | 2805-2811 Southwest Pky