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Shopping Strip

Tractor Supply Co. + Shops

106 S Red River Expy, Burkburnett, TX 76354

Listing Price: $1,500,000

Cap Rate
4.04%
Gross SF
43,847
Rentable SF
43,847
Price/Gross SF
$34.21
Lot Size
6.03 acres
Year Built
1982

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Flat topography with strong visibility - Multiple points of ingress/egress - Large ±6.03-acre parcel with ample parking field - Shopping center was previously a Walmart store TREMENDOUS UPSIDE OPPORTUNITY - True value-all play with inline shop space vacancy of 49% - Sale includes undeveloped outparcel - Estate sale due to recent death - Priced well below replacement cost at $34.21/SF STRONG ANCHOR TENANT - Tractor Supply has successfully operated at this location since 2014 - Investment grade credit rating of ‘BBB/Stable’ (Standard & Poor’s) - 51% of the GLA WICHITA FALLS, TX MSA - Home to Sheppard Air Force Base, the largest and most diversified training base in Air Education and Training Command › Sheppard AFB has over 7,200 employees and contributed at least $4.6B to the Texas economy in 2019 - Ranked #1 best place for working families in the U.S. in 2020 (Smart Asset) and #5 Cities with the Lowest Cost of Living in America (Niche 2021) - Major industries include Aerospace/Aviation, Business Support Services and Manufacturing - Home to Midwestern State University, a public liberal arts university with over 6,000 students - Wichita Falls Major Employers › Sheppard AFB – 7,000 employees › Wichita Falls Independent School District – 2,378 employees › United Regional Health Care System – 2,100 employees

Investment Highlights

  • True value-all play with inline shop space vacancy of 49%
  • Sale includes undeveloped outparcel
  • Large ±6.03-acre parcel with ample parking field
  • Tractor Supply has successfully operated at this location since 2014
  • Shopping center was previously a Walmart store

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Shopping Strip

Tractor Supply Co. + Shops

Listing Price: $1,500,000

Cap Rate
4.04%
Gross SF
43,847
Rentable SF
43,847
Price/Gross SF
$34.21
Lot Size
6.03 acres
Year Built
1982

Investment Highlights

  • True value-all play with inline shop space vacancy of 49%
  • Sale includes undeveloped outparcel
  • Large ±6.03-acre parcel with ample parking field
  • Tractor Supply has successfully operated at this location since 2014
  • Shopping center was previously a Walmart store

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Flat topography with strong visibility - Multiple points of ingress/egress - Large ±6.03-acre parcel with ample parking field - Shopping center was previously a Walmart store TREMENDOUS UPSIDE OPPORTUNITY - True value-all play with inline shop space vacancy of 49% - Sale includes undeveloped outparcel - Estate sale due to recent death - Priced well below replacement cost at $34.21/SF STRONG ANCHOR TENANT - Tractor Supply has successfully operated at this location since 2014 - Investment grade credit rating of ‘BBB/Stable’ (Standard & Poor’s) - 51% of the GLA WICHITA FALLS, TX MSA - Home to Sheppard Air Force Base, the largest and most diversified training base in Air Education and Training Command › Sheppard AFB has over 7,200 employees and contributed at least $4.6B to the Texas economy in 2019 - Ranked #1 best place for working families in the U.S. in 2020 (Smart Asset) and #5 Cities with the Lowest Cost of Living in America (Niche 2021) - Major industries include Aerospace/Aviation, Business Support Services and Manufacturing - Home to Midwestern State University, a public liberal arts university with over 6,000 students - Wichita Falls Major Employers › Sheppard AFB – 7,000 employees › Wichita Falls Independent School District – 2,378 employees › United Regional Health Care System – 2,100 employees

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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