1212 US-287 BUS
Iowa Park, TX
Price:
$2,641,000
Cap Rate:
6.40%
NOI:
$168,979
Building Size:
Approx. 12,687 Sq. Ft.
Lot Size:
Approx. 1.451 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2024
Investment Overview
- 2024 Construction. 12,687+/- SF Building on 1.451+/- Acre Site
- 15-Year Corporate NNN Lease, Plus (5), 5-Year Options to Extend & 5% Rental Increases Every 5 Years
- High-Visibility Location on BUS 287J with Strong Traffic Counts
- 1.5 Miles from Wichita Valley Airport
- 7 Miles from Sheppard Air Force Base – Largest Training Base with Over 6,400 Employees & $3.5B of Economic Impact
- E-Commerce Resistant Retailer Experiencing Explosive Growth – 20,000+ Stores with 800 More Planned to Open
- Iowa Park | Midway Between Oklahoma City & Dallas/Fort Worth Metroplex | Wichita Falls Population: 102,761+