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3110 Midwestern Pky
Wichita Falls, TX 76308
Retail Property For Sale
Investment Highlights
- Fully occupied
- National tenants such as Walmart, Target, and Home Depot within a 2-mile radius
- Easy access to major highways
- Offers potential for redevelopment or adaptive reuse
Executive Summary
This 4,000 sq. ft. retail center is a fully leased investment opportunity located on highly-trafficked Northwestern Parkway. Strategically positioned, this property benefits from a robust tenant mix and strong foot traffic. The property is surrounded by a dynamic retail environment, including national tenants such as Walmart, Target, and Home Depot within a 2-mile radius. Local dining options, grocery stores, and service-based businesses add to the area's high consumer draw. The proximity to Midwestern State University and nearby residential neighborhoods further drives customer engagement. Current restaurant tenant has a lease in place until May 2027 with one 5 year extension option with rental rate increase. Tenant 2 is currently on a month to month lease. Tenants are responsible for CAM maintenance in addition to NNN.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
2012
Price
$1,737,125 CAD
Price Per SF
$434.28 CAD
Cap Rate
7.49%
NOI
$130,076 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.24 AC
Zoning
Retail - For use in operation of retail storefront, restaurant, and other light commercial use
Parking
13 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
155’ on Midwester Pky
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 147105 | Improvements Assessment | $283,660 CAD |
| Land Assessment | $461,599 CAD | Total Assessment | $745,259 CAD |
Property Taxes
Parcel Number
147105
Land Assessment
$461,599 CAD
Improvements Assessment
$283,660 CAD
Total Assessment
$745,259 CAD
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