Listed by Northmarq Capital, LLC
$12,800,000
Hobby Lobby-Anchored Shopping Center
Details
APN 142987
Property Type Retail
Sub Type Shopping Center
Square Footage 143,880
Cap Rate 7.75%
Occupancy 96%
Tenancy Multi
Brand/Tenant Dollar Tree, Hobby Lobby
Lease Type NNN
Rent Bumps Yes
Year Built 1969
Year Renovated 2013, 2015, 2025
Acreage 13.550
Investment Type Net Lease
Ground Lease No
Best-in-Class National Tenant Mix
Marketing description
Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the +/- 143,880 SF multi-tenant retail center located in Wichita Falls, Texas (“The Property”). The Property is a Hobby Lobby-anchored multi-tenant building that sits on a 13.55-acre lot. The retail center is home to a strong retail mix, including Bealls | Home Centric, Dollar Tree, and Aaron’s. The multi-tenant roster is under leases on a long-term basis, with an average weighted lease term of 6 years and 4 months remaining on The Property.
Investment highlights
- Best-in-Class National Tenant Mix
- Top Performing Hobby Lobby
- 20+ Year Operating History
- Favorable Lease Structures
- Highly Trafficked Location
- Income Tax-Free State
- Affluent Demographic Base
Listing Contacts
Listed by Northmarq Capital, LLC
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