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    OFF-MARKET
    Turn key restaurants

    3110 Midwestern Pkwy, Wichita Falls, TX 76308-2842

    4,000 SF 0.24 ac lot Built 2012
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-0444985
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Volcano Japanese Fusion Restaurant
    • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    888 Lucky Realty Group LLC · 3 yrs held
    888 Lucky Realty Group LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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