Property Name

Walmart Shadow Value-Add Retail Center

Location

2600 Central East Freeway
Wichita Falls, TX 76306

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Property Description

Walmart Shadow Value-Add Retail Center is a 22,049 square foot shopping center shadow anchored by a Walmart Supercenter in Wichita Falls, Texas. The Property is located along Interstate 44/U.S. Route 277 approximately one hour and fifty minutes northwest of downtown Fort Worth. T-Mobile currently occupies the 2,407 square foot eastern end cap closest to Interstate 44 and leased through April of 2022. GameStop has been at the property since 2004 and occupies 1,800 square feet. The Property is 19.08% leased offering meaningful value add opportunity in leasing the second generation vacancies which total 17,842 square feet. Pro forma estimates assume leasing the property to 95% occupancy at an average of just $8.41 per square foot NNN and would bring the pro forma cap rate to 14.37% at list price.

Status


Available

GLA


22,049 SF

Percent Leased


19% Leased

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