2911 Kemp Blvd
Wichita Falls, TX 76308
Applebee's: Wichita Falls, TX · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,502-square-foot freestanding Applebee' s situated on 1.30 acres in Wichita Falls, TX (MSA Population: 154,140). Applebee' s absolute net lease has ±15.4 years of primary lease term remaining with annual rent increases (lesser of 1.50% or 1.25x change in CPI) throughout the term and in each of the four 5-year renewal options. The property is ideally positioned with excellent access and visibility along one of the area' s most traveled interior thoroughfares, Kemp Boulevard (Traffic Count: 32,370 VPD), less than 1 mile from the on-ramp to US-277 (Traffic Count: 72,413 VPD). Applebee' s is also adjacent to Union Square Credit Union and is an outparcel of Parker Square, a 141,013-square-foot shopping center that is anchored by Cinemark Theatres and Gold' s Gym. The immediate area is highlighted by the presence of Midwestern State University (Enrollment: 6,043) and Sikes Senter, a 670,000-square-foot shopping mall anchored by Dillard' s, At Home and JCPenney, both of which are situated within a mile of the property and provide Applebee' s with a substantial built-in customer base.