Quail Creek Crossing

Wichita Falls, TX

Price $26,000,000
Cap Rate 7.76%
TYPE Multi-Tenant
STATUS Available
Tenants Bed Bath & Beyond | Michael's | PetSmart
YEAR BUILT 2007 | 2011
LEASE EXP. 12/31/2027
LISTING AGENT Jessica Zahn Gibson
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

Quail Creek Crossing Shopping Center is a Power Center with an excellent national tenant roster with solid credit ratings and positive stable outlooks. Anchor tenants include Bed Bath & Beyond, PetSmart, Michael’s and Kirkland’s; major tenants include AT&T, ULTA Cosmetics, Five Below, Qdoba Mexican Grill, Complete Nutrition and more! Over 90% of the tenants have been committed to this location since construction of the shopping center.

The subject property sits on a large 20.62 acre parcel in Wichita Falls, Texas, in the heavy retail corridor with high drive-by visibility. Quail Creek Crossing is located 1.5 miles from Midwestern State University, a liberal arts college with over 6,000 students, and 3 miles from Rick Husband Amarillo International Airport. Sheppard Air Force Base is just miles from the subject location and is the largest training base and most diversified in the Air Education and Training Command Division. Quail Creek Crossing is also nearby Amarillo College, BSA Health System, Northwest Texas Healthcare and other national retailers including Walmart, Big Lots, Bealls, Sam’s Club, etc.

Wichita Falls is in close proximity to the major Dallas-Fort Worth metroplex, sitting just under 150 miles from Dallas, and is the largest city between Dallas and Oklahoma City. Wichita Falls accommodates small businesses, corporate headquarters, military expansion & everything in-between. This region is rapidly becoming the Texas destination for vocational growth & opportunity such as Aerospace Parts Suppliers & Refurbishment, Manufacturing & Advanced Manufacturing and Data Centers.

*In Association With: Blackburn Properties

Property Highlights

  • Class A Power Center with Excellent National Tenant Roster – Historically 100% Occupied
  • Location Commitment: Over 90% of Tenants have been at this Location since Inception of Center
  • Buyer Can Purchase Center Free & Clear of Debt or Assume Existing Note
  • Tenants: Bed Bath & Beyond, PetSmart, Michael’s, Kirkland’s, AT&T, ULTA Cosmetics, Five Below, Dressbarn & Many More!
  • Located in the Heavy Retail Corridor where Traffic Counts Exceed 62,000 CPD!
  • Demographics in the 10 Mile Ring - Total Population: 119,280 | Average Household Income: $59,638