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Wichita Falls Shopping Center

4319 Kemp Boulevard, Wichita Falls, TX
50,434 square feet

The subject property is a 50,434 square foot shopping center on 5.163 acres shadow anchored by the only Target store in this market. The property is centrally located within the City of Wichita Falls, across the street from the mall, and within the retail hub. PetCo occupies 20,434 square feet and has been successfully operating in this location since 1997. The remaining 30,000 square feet was vacant for three years as the former tenant Office Depot relocated into a smaller store. Prior ownership was passive, undercapitalized, and was faced with a maturing CMBS loan, therefore unable to solve the vacancy problem.

NetCo Investments, Inc. acquired the property on September 9, 2014 identifying the opportunity to add value not only by leasing the existing vacant 30,000 square feet but also with the ability to expand the vacancy by another 20,000 square feet increasing the number of viable tenants.

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