Wichita Square

Wichita Falls, TX

Price $9,073,000
Cap Rate 7.50%
TYPE Multi-Tenant
STATUS Under Contract
Tenants TJ Maxx | Ross | Chick-Fil-A | Shoe Carnival
LEASE TYPE NNN
SQUARE FEET 71,658
PRICE/SQ FT $126
YEAR BUILT 1984
LEASE EXP. 2033
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com
Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Wichita Square is a big box, national credit, multi-tenant offering with Chick-Fil-A on a long-term ground lease. The subject property has all corporate tenants with NNN leases including, TJ Maxx, Ross Dress for Less, Shoe Carnival & Chick-Fil-A. Wichita Square is nearby retailers including Walmart, The Home Depot, Sam’s Club, Kohl’s, Burlington, Lowe’s, Best Buy, Academy Outdoors + Sports, Bed Bath & Beyond, PetSmart, Michaels, Office Depot, Five Below, Ulta Beauty, Dillard’s, JCPenney, At Home, Carmike Cinemas, Target, Hobby Lobby, etc.

The subject property is located in Wichita Falls, Texas, with high drive-by visibility. Wichita Square is located just 1 mile from Midwestern State University, a liberal arts college with over 6,060 students. The property is also 4 miles from United Regional Hospital, a general medical & surgical facility with 588 beds. Sheppard Air Force Base sits just a few miles north of Wichita Square and is the largest training base in air education and training command division with over 20,000 personnel.

*In Association With: Blackburn Properties

Property Highlights

  • 100% National Credit Rent Roll
  • 71,658 SF Including Chick-Fil-A (Outparcel) on a Long-Term Ground Lease
  • 100% Historically Occupied Since Inception of Center
  • Tenants Include: T.J. Maxx, Ross Dress for Less, Shoe Carnival & Chick-Fil-A
  • A+ Real Estate & Visibility within the Trade Area – Situated on the Hard Corner where Traffic Counts Exceed 32,800 CPD!
  • Wichita Falls, Texas has Steady Retail Sales Growth at 2.5% Annually