Property profile

3110 Midwestern Pkwy Wichita Falls, TX 76308

OFF-MARKET
Turn key restaurants
Property ID
US82-0444985
4,000 SF 0.24 ac lot Built 2012
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2012
Total area 4,000 SF
Lot 0.24 ac (10,624 SF)
APN 1220 001 01
UPID US82-0444985

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Mobile Phone Store Electronics & Wireless Store

Location

3110 Midwestern Pkwy Wichita Falls, TX 76308-2842
Wichita Falls metro Census 12002 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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