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Former CVS Pharmacy | High-Traffic Location 3201 Seymour Hwy 11,062 SF Vacant Retail Building Online Auction Sale Wichita Falls, TX 76309
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Excellent owner/user opportunity.
- Strong demographics - 93,400 people within a 5-mile radius.
- Well-performing Market - 767 buildings totaling 9.5M square feet of retail | 8.4 M square feet of retail within a 5-mile radius of the asset.
- Great location at the intersection of Seymour Highway and Beverly Drive | Great visibility.
- Asset features two points of ingress/egress with a drive-thru.
- Minutes from major retail corridor home to Walmart, Sam's Club, The Home Depot, Lowe's, Walgreens, Aldi, Michaels, PetSmart, T.J. Maxx, Kohl's, & More
EXECUTIVE SUMMARY
Colliers is pleased to present for sale Former CVS – Wichita Falls (the “Property” or the “Asset”) located at 3201 Seymour Hwy, Wichita Falls, TX.
The 11,062 square foot, vacant, retail property with drive-thru features a great location at the intersection of Seymour Hwy and Beverly Dr. Sitting on 2.09 acres, the Former CVS features two points of ingress/egress from Seymour Hwy and Beverly Dr with unobstructed views from nearly 14,000 vehicles per day. The Asset is zoned GC – General Commercial, allowing a future Owner/User or Investor flexibility in repositioning or releasing the Asset.
Furthermore, the Property benefits from good demographics with 93,400 people within a 5-mile radius. In the same 5-mile radius, there are north of 4,200 businesses employing nearly 51,000 people. Therefore, there is a strong customer base for the Asset between residents and employees working in the surrounding area.
The Asset is also located in a core retail market with 8.4M square feet of retail product located within a 5-mile radius of the Property.
The Asset is located minutes from a major retail corridor home to Walmart, Sam's Club, The Home Depot, Lowe's, Academy Sports, Aldi, Michaels, PetSmart, T.J. Maxx, Kohl's, Harbor Freight, Walgreens, Five Below, Office Depot, and more. Along the same corridor, there are numerous national restaurant options, including Texas Roadhouse, Whataburger, Crumbl, Raising Cane's, and Taco Bell.
The Market is performing well, demonstrated by its 6.3% vacancy rate. Most of the vacancy in the market currently is due to malls; general retail has a 1.7% vacancy rate, neighborhood centers have a 5.4% vacancy rate, and strip centers come in at 12.8%.
Additionally, marketing asking rents and market sales prices are up and the market cap rate is down compared to last year. The Market is also seeing strong investor interest demonstrated by the 52 retail transactions which occurred in the past 12 months.
The Asset represents an excellent opportunity for an investor with a tenant in hand, redevelopment plan, or a strategic vision for lease-up. The Asset is also an excellent opportunity for an owner/user to step in and occupy the Property given its location and visibility.
Property tours are by appointment only. Please contact the listing broker to schedule.
Daniel Taylor License #474735.
The 11,062 square foot, vacant, retail property with drive-thru features a great location at the intersection of Seymour Hwy and Beverly Dr. Sitting on 2.09 acres, the Former CVS features two points of ingress/egress from Seymour Hwy and Beverly Dr with unobstructed views from nearly 14,000 vehicles per day. The Asset is zoned GC – General Commercial, allowing a future Owner/User or Investor flexibility in repositioning or releasing the Asset.
Furthermore, the Property benefits from good demographics with 93,400 people within a 5-mile radius. In the same 5-mile radius, there are north of 4,200 businesses employing nearly 51,000 people. Therefore, there is a strong customer base for the Asset between residents and employees working in the surrounding area.
The Asset is also located in a core retail market with 8.4M square feet of retail product located within a 5-mile radius of the Property.
The Asset is located minutes from a major retail corridor home to Walmart, Sam's Club, The Home Depot, Lowe's, Academy Sports, Aldi, Michaels, PetSmart, T.J. Maxx, Kohl's, Harbor Freight, Walgreens, Five Below, Office Depot, and more. Along the same corridor, there are numerous national restaurant options, including Texas Roadhouse, Whataburger, Crumbl, Raising Cane's, and Taco Bell.
The Market is performing well, demonstrated by its 6.3% vacancy rate. Most of the vacancy in the market currently is due to malls; general retail has a 1.7% vacancy rate, neighborhood centers have a 5.4% vacancy rate, and strip centers come in at 12.8%.
Additionally, marketing asking rents and market sales prices are up and the market cap rate is down compared to last year. The Market is also seeing strong investor interest demonstrated by the 52 retail transactions which occurred in the past 12 months.
The Asset represents an excellent opportunity for an investor with a tenant in hand, redevelopment plan, or a strategic vision for lease-up. The Asset is also an excellent opportunity for an owner/user to step in and occupy the Property given its location and visibility.
Property tours are by appointment only. Please contact the listing broker to schedule.
Daniel Taylor License #474735.
MATTERPORT 3D TOUR
Matterport Tour
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Roof Warranty & LED Lighting
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,062 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.09 AC
Parcel Number
123217
AMENITIES
- Signage
- Drive Thru
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
6,164
47,277
96,847
2020 Population
5,844
45,677
95,476
2029 Population
6,355
48,577
99,069
2024-2029 Projected Population Growth
3.1%
2.8%
2.3%
Daytime Employees
2,567
32,345
52,146
Total Businesses
288
3,809
5,850
Average Household Income
$62,174
$66,539
$71,929
Median Household Income
$43,718
$45,991
$50,696
Total Consumer Spending
$63.3M
$477.4M
$1B
Median Age
39.0
36.7
36.6
2024 Households
2,621
18,980
37,410
Percent College Degree or Above
11%
12%
13%
Average Home Value
$134,649
$157,531
$164,706
SALE ADVISORS
SALE ADVISORS
Jonathan Katz, Senior Vice President
Jonathan joined Colliers in May of 2025 after serving as a Managing Director for Ten-X, one of the largest CRE online marketplaces. He entered the commercial real estate industry in 2012 as a Client Manager for Auction.com, which later rebranded to Ten-X. There, he quickly developed a deep understanding of the CRE Auction process and online marketplace dynamics. His career advanced as a Senior Sales Director, where he spent over a decade helping Ten-X become a leader in the CRE auction space. Having facilitated over $2B of CRE and Note sales, he brings his leadership and distinct knowledge to help grow Colliers’ presence in the CRE Auction industry.
Bradley Carver, Senior Vice President
Bradley joined Colliers in June 2025 and brings over a decade of leadership experience in the commercial real estate (CRE) auction space. Prior to Colliers, he served as Managing Director at Ten-X, one of the largest online marketplaces for CRE transactions, where he was instrumental in executing over $2 billion in CRE and note sales.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
Matt Terrace, Senior Vice President- Investments
For close to a decade Matt has completely immersed himself in many different aspects of commercial real estate, from retail to development to construction to acquisitions and dispositions, but specializes in Commercial Investment Dispositions and Acquisitions. Matt was exposed to the industry at a young age as it is a family passion handed down through generations. Matt has served both private and institutional clients such as Garrison Investment Group, True North Investments, LNR Partners, Integris Ventures and Alidade Capital. He has also worked with a number of national Tenants in the market including Pet Supplies Plus, Czarnowski and Nuance Communications. Matt’s successful approach stems from the ideology of fully comprehending his client’s needs and consistently putting them first.
Barry Swatsenbarg, Executive Vice President
In 2015, Barry joined Colliers International to expand the Colliers Detroit office reach with his investment sales expertise. He is consistently in the top 200 nationally for Colliers. Barry has been an active investment sales agent for over 24 years, transacted on over 500 deals; 15,000 apartment units and more than 30M SF of commercial assets. Barry has been awarded Everest Club at Colliers for the last several years. (The Everest Club recognizes the top 10% of producers and is Colliers highest award.)
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Former CVS Pharmacy | High-Traffic Location | 3201 Seymour Hwy
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Former CVS Pharmacy | High-Traffic Location | 3201 Seymour Hwy
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