2211 Southwest Pky - Fast Food FOR SALE


Wichita Falls, TX 76308
$2,250,000 USD
214-960-2835
2211 Southwest Pky, Wichita Falls, TX for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

2211 Southwest Pky
Wichita Falls, TX 76308


HIGHLIGHTS

  • Corporate-Leased HTeaO; 15-Year Absolute NNN Single-Tenant Drive-Thru Asset in Northern Texas Submarket of Wichita Falls, TX
  • Constructed in 2020 with Primary Lease Term Through December 2038; 10% Escalations Every 5 Years Including Each of the Six, 5-Year Renewal Options
  • HTeaO is America’s Largest Iced Tea Franchise & Ranked No. 59 on Inc. Magazine’s 5000 Regionals Southwest List
  • Opened 100th Location in January 2024; 530 Franchise Licenses & Growing
  • Strong Fundamentals with Frontage to Southwest Parkway (23,536-VPD), 2,200 SF with Drive-Thru, Highly Visible Two-Sided Pylon Sign & Left Turn Access
  • Over 3.7MM SF of Retail GLA in a 1.5-Mile Radius Including Sike Senter Mall (670,000+ SF)

OVERVIEW

HTeaO is an absolute triple-net (NNN), corporate-leased single-tenant drive-thru asset located in the established northern Texas submarket of Wichita Falls. The tenant has signed a lease through December 2038, guaranteed by the corporate entity TBevCo, LLC. HTeaO is an ideal single-tenant asset, designed at 2,200 square feet with a drive-thru, providing long-term residual value. The lease features zero landlord responsibilities and includes 10% rent escalations every 5 years, including each of the six 5-year renewal options. The property benefits from frontage on Southwest Parkway, a highly visible two-sided pylon sign, and left-turn access. Neighboring notable retailers include Walgreens, Hobby Lobby, Tractor Supply, Wells Fargo, Whataburger, Taco Casa, Sonic, and Chicken Express, among numerous others.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,023 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

106139

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.