4301 Kemp Blvd
Wichita Falls, TX
Price:
$3,896,000
Cap Rate:
5.75%
NOI:
$224,000
Building Size:
Approx. 2,950 Sq. Ft.
Lot Size:
Approx. 0.92 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2024
Investment Overview
- 2024 Construction. 2,950+/- SF Building on 0.92+/- Acre Site
- 15-Year Absolute NNN Lease with 8% Rental Increases Every 5-Years, Including Option Periods
- Brand New Construction Sale Lease-Back w/ Stine Enterprises – Operates 87 Jack in the Box, 16 Denny’s, & 24 Hawaiian Bros
- Located Across from Sikes Senter Mall (670,000 Sq. Ft.) – Only Mall w/in 100 Miles of Wichita Falls
- Located in a Dense Retail Corridor – Near Target, Best Buy, Chick-fil-A, Discount Tire, Chipotle, TJ Maxx, Spec’s, and Many Others
- Hawaiian Bros is One of the Fastest Growing and Highest Performing Restaurant Brands w/ Average Unite Volume of $4.6M
- Wichita Falls | 15 Miles from Oklahoma Border | Population: 102,761+