

9th St Shopping Center
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.
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