Shopping Strip
Parker Square Shopping Center
2901 Kemp Blvd, Wichita Falls, TX 76308
Listing Price: $14,753,000
Investment Overview
Parker Square Shopping Center is a 94,532-square-foot multi-tenant community center situated on approximately 11.91 acres in the heart of one of Wichita Falls’ dominant retail corridors. The property is 97 percent occupied and features a diverse mix of national, regional, and local tenants operating under triple-net lease structures, minimizing landlord responsibilities. Anchored by Crunch Fitness—which represents 43 percent of the gross leasable area—and shadow-anchored by a Cinemark Theatre, the center benefits from consistent daily traffic and strong co-tenancy. Recent capital improvements, including approximately $80,000 in roof replacements, enhance long-term operational stability.
The subject property is located in the heart of Wichita Falls’ primary retail corridor, providing exceptional visibility and access within one of the city’s most established commercial nodes. Kemp Boulevard serves as the dominant north-south arterial in the region, lined with national retailers such as Target, ALDI, Home Depot, Academy Sports, and Walmart, as well as a dense concentration of QSR, banking, and service-oriented tenants.
Parker Square Shopping Center
Investment Highlights
- 94,532-Square-Foot, Multi-Tenant Community Center with Upside | 97% Occupied | All Leases are Triple-Net
- Strong Gym Anchor and Tenant Base | Crunch Fitness Occupies 43% of the GLA | 68% of GLA is Leased to National or Regional Tenants
- Shadow-Anchored by Cinemark Theatres | Other Adjacent Pad Sites Include Applebee's, First Capital Bank of Texas, and Union Square Credit Union (Not a Part)
- Prime Location on the Signalized Intersection of Kell E Boulevard (Highway 277 Access Road) and Kemp Boulevard | Excellent Freeway Visibility
Listing Price: $14,753,000
Investment Highlights
- 94,532-Square-Foot, Multi-Tenant Community Center with Upside | 97% Occupied | All Leases are Triple-Net
- Strong Gym Anchor and Tenant Base | Crunch Fitness Occupies 43% of the GLA | 68% of GLA is Leased to National or Regional Tenants
- Shadow-Anchored by Cinemark Theatres | Other Adjacent Pad Sites Include Applebee's, First Capital Bank of Texas, and Union Square Credit Union (Not a Part)
- Prime Location on the Signalized Intersection of Kell E Boulevard (Highway 277 Access Road) and Kemp Boulevard | Excellent Freeway Visibility
Investment Overview
Parker Square Shopping Center is a 94,532-square-foot multi-tenant community center situated on approximately 11.91 acres in the heart of one of Wichita Falls’ dominant retail corridors. The property is 97 percent occupied and features a diverse mix of national, regional, and local tenants operating under triple-net lease structures, minimizing landlord responsibilities. Anchored by Crunch Fitness—which represents 43 percent of the gross leasable area—and shadow-anchored by a Cinemark Theatre, the center benefits from consistent daily traffic and strong co-tenancy. Recent capital improvements, including approximately $80,000 in roof replacements, enhance long-term operational stability. The subject property is located in the heart of Wichita Falls’ primary retail corridor, providing exceptional visibility and access within one of the city’s most established commercial nodes. Kemp Boulevard serves as the dominant north-south arterial in the region, lined with national retailers such as Target, ALDI, Home Depot, Academy Sports, and Walmart, as well as a dense concentration of QSR, banking, and service-oriented tenants.
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