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1508 Midwestern Pky
Wichita Falls, TX 76302 Southwest Wichita Falls

$1,677,000 USD

Storefront For Sale  •  21,340 SF

Property Details

  • Property Type Storefront
  • Total Building Size 21,340 SF
  • Lot Size 2.35 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 7.30 %
  • Tenancy Single
0 Transit Score
66 Walk Score

Highlights

Dollar Tree – Single-Tenant, Fee-Simple Net Lease Asset – 100% leased to Dollar Tree on an NN+ lease structure with approximately 7+ years of term
Publicly Traded Tenant (NASDAQ: DLTR) – An established national retailer operating 16,000+ locations nationwide, offering strong corporate backing
Built-In Rent Growth – Structured rental increases throughout the primary term and renewal options provide contractual income growth & inflation hedge
Prime Wichita Falls Location – Strategically positioned along a primary retail corridor with strong visibility, frontage, and consistent daily traffic
Established Retail Synergy – Located within a dense retail trade area supported by national and regional retailers, driving recurring consumer traffic
Stable Economic Driver – Sheppard Air Force Base – Wichita Falls benefits from the long-standing presence of Sheppard AFB, a major regional employer

Property Flyers

Financial Summary (Actual)

Net Operating Income: $122,418 USD (2025)
Cap Rate: 7.30 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar Tree 21,340 SF 3/31/2033

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Spencer O'Donnell 714-400-6267 Charter Realty Company
Spencer O'Donnell 714-400-6267 Charter Realty Company