SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a three-tenant, 100% occupied, freestanding, investment property located in Wichita Falls, Texas. The tenant lineup consists of Planet Fitness, Conn’s Home Plus, and Clark Design. Planet Fitness recently executed a 10-year lease extension providing for an initial term through October 2031 with 2 (5-year) options to extend, demonstrating their strong commitment to the site. Conn’s Home Plus recently signed a brand new 10-year lease with 4 (5-year) options to extend. The other tenant, Clark Design, recently signed a brand new 3-year lease with 1 (3-year) option to extend and is currently occupying 7,800 SF of storage space. All tenants are open and operating for business and paying rent in full.

The subject property is strategically located at the signalized, hard corner intersection of Kell E Boulevard and McNiel Avenue, averaging a combined 23,700 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to U.S. Highway 82 (62,200 VPD), one of the primary commuter thoroughfares traveling through Wichita Falls. The asset is ideally situated adjacent to Walmart Supercenter and Sam’s Club, two superstore retailers that significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the subject property. Other nearby national/credit tenants include The Home Depot, Target, Lowe’s Home Improvement, Kohl’s, Office Depot, Dollar Tree, Walgreens, and more, further increasing consumer traffic. In addition, the subject property is located just 2 miles west of Midwestern State University (6,100 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 88,000 residents and 49,000 daytime employees. Residents within 3 miles of the subject property feature an average household income of $70,000.