Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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