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216 Liberal St 3,874 SF Retail Building Dalhart, TX 79022 $922,880 CAD ($238.22 CAD/SF) 7.47% Cap Rate

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Executive Summary

Subway has operated at the property since 2000, demonstrating long-term location viability; the franchisee operates eight (8) Subway locations across the Texas Panhandle.
Mexico Mart is one of only eight Latino-centered grocery stores in the entire Panhandle, serving a loyal and underserved customer base in Dalhart with strong daily-needs demand.
Absolute NNN leases on both tenants with zero landlord responsibility for taxes, insurance, maintenance, or capital expenditures.
Low rent basis and attractive price point, providing strong yield potential and an accessible entry opportunity for private capital.
Hard-corner location at a primary in-town intersection with excellent visibility and site functionality.
Highly accessible site with immediate access off a major highway, ideal for quick-service food and daily-needs retail.
Dalhart’s economy is anchored by cattle feedlots, dairies, and grain production, providing a stable employment base and consistent demand for essential retail.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,874 SF
Building Class
C
Year Built
1993
Price
$922,880 CAD
Price Per SF
$238.22 CAD
Cap Rate
7.47%
NOI
$68,908 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.67 AC
Frontage
116’ on Liberal St

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Subway is a global quick-service restaurant brand known for its customizable submarine sandwiches and widespread franchised business model. Founded in 1965, the company has grown into one of the world’s largest restaurant chains by unit count, operating tens of thousands of locations across more than 100 countries. Following its sale to Roark Capital in 2024, Subway entered a new phase of operational restructuring and brand modernization. In July 2025, Jonathan Fitzpatrick, a seasoned executive with prior leadership roles at Driven Brands and Burger King, was appointed CEO to guide the company through this transition. The brand has faced significant market shifts over the past decade, including increasing competition, evolving consumer expectations, and declining U.S. sales, prompting renewed investments in menu upgrades, digital ordering, and organizational realignment. Subway remains privately held under Roark Capital’s ownership, with ongoing efforts to strengthen franchisee support and improve systemwide performance as it works toward revitalizing its global footprint.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -

Property Taxes

Property Taxes

Parcel Number
000000011440
Land Assessment
$55,510 CAD
Improvements Assessment
$390,508 CAD
Total Assessment
$446,018 CAD
  • Listing ID: 39289887

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 216 Liberal St, Dalhart, TX 79022

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