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405 E State Road 114 2,350 SF Retail Building Levelland, TX 79336 $1,671,084 CAD ($711.10 CAD/SF) 9.76% Cap Rate
Investment Highlights
- Walmart Supercenter Outparcel — Hard-corner pad directly fronting one of West Texas's strongest retail anchors
- 10,000–15,000 AADT along Levelland's primary east–west artery, delivering maximum exposure and easy ingress/egress.
- Fully equipped restaurant building (built 2006) on 0.66 acres with 27 surface spaces (10/1,000 ratio)
- Possession available January 31, 2027, offering an owner-user, franchisee, or investor the chance to secure a proven QSR location
Executive Summary
Property Facts
Amenities
- Freeway Visibility
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Discover a high-performing, 2,350 SF freestanding restaurant building at 405 E Highway 114, Levelland, TX – an ideal launchpad for your quick-service restaurant (QSR), retail, or service-based business. Positioned in the heart of West Texas' oil and agriculture-driven economy, this property benefits from a stable local market with a population of approximately 12,565, a median household income of $51,847, and an unemployment rate of 3.2%. Within a 5-mile radius, average household incomes exceed $65,000, drawing consistent foot traffic from residents and commuters alike. The site's strategic location on Highway 114 ensures strong visibility with estimated daily traffic counts of 10,000–15,000 vehicles, amplified by its proximity to major anchors like Walmart Supercenter. This absolute triple net (NNN) lease structure shifts all taxes, insurance, and maintenance responsibilities to you, the tenant, allowing for predictable operations and minimal landlord involvement. With the current lease set to expire on August 31, 2026, flexible negotiations could make this space available before August 2026 – positioning you to capitalize on Levelland's growing demand for convenient dining and retail options.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,350 SF | Restaurant | Outparcel | Jan 2027 |
1st Floor
| Size |
| 2,350 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Jan 2027 |
1st Floor
| Size | 2,350 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Jan 2027 |
Discover a high-performing, 2,350 SF freestanding restaurant building at 405 E Highway 114, Levelland, TX – an ideal launchpad for your quick-service restaurant (QSR), retail, or service-based business. Positioned in the heart of West Texas' oil and agriculture-driven economy, this property benefits from a stable local market with a population of approximately 12,565, a median household income of $51,847, and an unemployment rate of 3.2%. Within a 5-mile radius, average household incomes exceed $65,000, drawing consistent foot traffic from residents and commuters alike. The site's strategic location on Highway 114 ensures strong visibility with estimated daily traffic counts of 10,000–15,000 vehicles, amplified by its proximity to major anchors like Walmart Supercenter. This absolute triple net (NNN) lease structure shifts all taxes, insurance, and maintenance responsibilities to you, the tenant, allowing for predictable operations and minimal landlord involvement. With the current lease set to expire on August 31, 2026, flexible negotiations could make this space available before August 2026 – positioning you to capitalize on Levelland's growing demand for convenient dining and retail options.
Nearby Major Retailers
Property Taxes
| Parcel Number | R61224 | Improvements Assessment | $252,367 CAD |
| Land Assessment | $126,636 CAD | Total Assessment | $379,002 CAD |
Property Taxes
Contact
-
Anthony 'Butch' Lagred -
Texas Triangle Commercial Real Estate
Presented by
405 E State Road 114
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