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30035642
30035643

1612 9th St, Wichita Falls, TX 76301

RW
TX TX 0290048
Domain Real Estate Services Inc
Listed by Domain Real Estate Services Inc
$815,000
97 days on market
Updated 28 days ago

9th St Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,980
Net Rentable (SqFt) 9,980
Units 4
Cap Rate 8.5%
NOI $69,306
Occupancy 100%
Tenancy Multi
Lease Type NN
Price per SqFt $82
Class B
Year Built 1928
Year Renovated 2000
Buildings 1
Stories 1
Acreage 0.620
Zoning GC
Ground Lease No

Retail | 8.50% CAP | 9,980 SqFt

Marketing description

A 9,980 sqft 100% occupied shopping center remodeled in 2000, consisting of 4 suites in the heart of Wichita Falls medical district. Guffey's Drug 2,231 sqft (tenant for over 20 years), Clinical Pathology 1,824 sqft, Frank& Hours Coffee 2,000 sqft (with a drive through), and a 2,000 sqft suite (formerly Lula & Flora's…still paying rent). Net operating income of $69,306.44 with a 8.50% cap rate at $815,000. Leased extra storage space in back (1,925 sqft) and also a office space (approximately 900sqft separate from the 9,980 sqft center sqft) with restroom (on top and behind Guffeys Drug.) New roof in 2000 and some roofing replaced as needed. All electrical and plumbing has been updated at Frank and Joe's and the vacant suite next door in the last 5 years. A rent roll and more tenant details available upon qualified inquiries and buyers. Great one of a kind location in medical area.

Listing Contacts

RW
TX TX 0290048
Domain Real Estate Services Inc
Listed by Domain Real Estate Services Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,306.44
$5,775.54/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Rodd Womble
License
TX 0290048
Brokerage
Domain Real Estate Services, Inc.
Brokerage Phone
9407332279
Title
TX
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