QUAIL CREEK CROSSING ? WICHITA FALLS, TX 3201 Lawrence Rd

3201 Lawrence Rd , Wichita Falls, Texas, 76308 | 157,927 sq.f | $ 33,273,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Quail Creek ranks as #1 Shopping Center in 50 miles (2.5 mm visitors annually) Quail Creek is ranked in the top 80% Shopping Centers in Texas Over 85% of the Tenants have been in place since inception of the Center A+ real estate & visibility within the trade area -situated on the signalized hard corner where traffic counts exceed 25,100 CPD! Approximately 21/2 hours south of Oklahoma City, Oklahoma and 2 hours northwest from the Dallas/Fort Worth International Airport Quail Creek Crossing is located in heavy retail corridor & there are 116,033 residents within the 10-mile vicinity

Executive Summary

Commercial Investment Advisors, Inc./CIA Brokerage Company is the exclusive listing agent for Quail Creek Crossing Shopping Center, a ?157,927 SF power center, situated on a large ?20.62-acre lot located at 3201 Lawrence Road in Wichita Falls, Texas. The property is host to an excellent national tenant roster including Academy Sports+Outdoors, HomeGoods, PetSmart, Michaels, Five Below & Office Depot.Nearby retailers include Walmart Supercenter, The Home Depot, Sam?s Club, Kohl?s, Burlington, Lowe?s Home Improvement, Best Buy, Shoe Carnival, Ross Dress for Less, T.J. Maxx, Dollar Tree, Sally Beauty, Dillard?s, JCPenney, At Home, Carmike Cinemas, Target, Hobby Lobby, etc.Less than 1 mile from Midwestern State University - a liberal arts college with total enrollment of 5,360 (Spring 2023)2023 10-mile population of 116,033 residents with an average household income of $82,091 (3-mile average of $86,067).

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Fast Food General Retail Freestanding General Retail Restaurant Storefront
  • Building Size    157,927
  • Building Class    A
  • LoopNet Rating    4 Star
  • Year Built/Renovated    2007/2011
  • Price    33,273,000
  • Price Per SF    211
  • Cap Rate    7.25
  • NOI    2,412,282
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    20.62 AC

Amenities

  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection
  • Monument Signage

Nearby Amenities & Transportation

Retail Hooters
Retail Chili's
Retail Olive Garden
Retail Ribcrib
Retail Cotton Patch Caf?
Retail Natural Grocers
Retail McAlister's Deli
Retail El Fenix
Retail Buffalo Wild Wings
Retail Panda Express

Property Taxes

Parcel Number 156552 Improvements Assessment $3,453,088
Land Assessment $12,378,912 Total Assessment $15,832,000
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: 3201 Lawrence Rd , Wichita Falls, Texas, 76308