2911 Kemp Blvd
Wichita Falls, TX 76308 Southwest Wichita Falls

$2,876,900 USD

Restaurant For Sale • 5,502 SF

Property Details

Property Type Restaurant
Total Building Size 5,502 SF
Lot Size 1.3 AC
Building Class B
Year Built 1995
Tenancy Single
Zoning GC

50 Walk Score

                
                    Highlights
                
                                Sun Holdings: Services over a thousand Applebee's, Arby's, Burger King, IHOP, Popeyes and many other brands across 27 states.
                            
                                Absolute Net Lease: 20-year absolute net lease with ±6 years of primary lease term remaining - No Landlord responsibilities.
                            
                                Attractive Rent Escalations: Annual rent increases equal to the OF WICHITA FALLS, TX lesser of 1.50% or 1.25 times the change in the CPI.
                            
                                Dynamic Demographics: Population of 59,149 and an average household income of $91,630 within a 3-mile radius.
                            
                                Excellent Access/Visibility: The property is ideally positioned with great access and visibility along one of the area’s most traveled thoroughfares.
                            
                                Strategic Location: Applebee’s is also adjacent to Union Square Credit Union and is an outparcel of Parker Square, a 141K SF shopping center.