1508 Midwestern Pky - Storefront FOR SALE


Wichita Falls, TX 76302- Southwest Wichita Falls
$1,677,000 USD
714-400-6267
1508 Midwestern Pky, Wichita Falls, TX for Sale
$1,677,000 USD
Storefront - FOR SALE
1/5
null | 7.3% Cap Rate

1508 Midwestern Pky
Wichita Falls, TX 76302
Southwest Wichita Falls


HIGHLIGHTS

  • Dollar Tree – Single-Tenant, Fee-Simple Net Lease Asset – 100% leased to Dollar Tree on an NN+ lease structure with approximately 7+ years of term
  • Publicly Traded Tenant (NASDAQ: DLTR) – An established national retailer operating 16,000+ locations nationwide, offering strong corporate backing
  • Built-In Rent Growth – Structured rental increases throughout the primary term and renewal options provide contractual income growth & inflation hedge
  • Prime Wichita Falls Location – Strategically positioned along a primary retail corridor with strong visibility, frontage, and consistent daily traffic
  • Established Retail Synergy – Located within a dense retail trade area supported by national and regional retailers, driving recurring consumer traffic
  • Stable Economic Driver – Sheppard Air Force Base – Wichita Falls benefits from the long-standing presence of Sheppard AFB, a major regional employer

OVERVIEW

Exclusively Listed in association with Brian Brockman | License No. 701472 We are pleased to present an opportunity to acquire a single-tenant, fee-simple Dollar Tree in Wichita Falls, TX, 100% leased on a net-lease basis to a major, international corporate chain (NASDAQ: DLTR) traded as an S&P 500 component. The lease commenced in 2022 and features approximately 7 years of firm lease term remaining, with three 5-year renewal options at significant contractual rent increases – including a 24% increase in 2033 – showcasing tenant longevity and providing built-in income growth and inflation protection. The property is strategically located at the corner of the signalized intersection of Midwestern Parkway and Old Jacksboro Hwy (State Highway 473) – a major commercial corridor, offering strong visibility and consistent traffic flow with 24,834 vehicles per day. Wichita Falls is a strategically located North Texas city positioned along U.S. Route 287 and U.S. Route 82, offering direct connectivity to the Dallas–Fort Worth metroplex, Oklahoma City, and surrounding regional trade areas. Situated within an established retail corridor supported by nearby residential neighborhoods, schools, and daily-service businesses, the site benefits from consistent local traffic and steady consumer demand rather than reliance on destination-driven retail. Wichita Falls is anchored by a stable employment base led by Sheppard Air Force Base, healthcare providers, and regional manufacturing, providing durable economic support for national retailers. This investment combines a recognizable national brand, passive net-lease structure, and strong roadway fundamentals, creating a compelling net lease opportunity within a stable and service-oriented North Texas market.

FOR SALE DETAILS

PRICE

$1,677,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | Single-Tenant Net-Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

-

APN/PARCEL ID

125681 - 42100230000

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.