3110 Midwestern Pkwy, Wichita Falls, TX 76308-2842
This exceptional 4,000 square foot retail shopping center presents a compelling net lease investment opportunity in Wichita Falls, Texas. Located at 3110 Midwestern Parkway, this single-story, 100% occupied property boasts two tenants and offers a strong 7.49% cap rate on a $1,250,000 asking price, translating to a price per square foot of $312.50. Built in 2012, the property sits on a 0.24-acre lot and benefits from its prime location within a thriving retail environment. Major national retailers like Walmart, Target, and Home Depot are within a two-mile radius, ensuring high visibility and consistent foot traffic. The property's proximity to Midwestern State University and residential neighborhoods further enhances its appeal and potential for sustained revenue generation. The property's strong NOI of $93,600 reflects the stability and profitability of this investment. The convenient access to major highways adds to its strategic advantage. This is a rare opportunity to acquire a fully leased, Class B retail center with a proven track record of success. The property is zoned for retail use.
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Volcano Japanese Fusion Restaurant
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Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.