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Dollar Tree | Single-Tenant Net-Lease 1508 Midwestern Pky 21,340 SF Retail Building Wichita Falls, TX 76302 $1,677,000 ($78.58/SF) 7.30% Cap Rate
Investment 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
- Built-In Rent Growth – Structured rental increases throughout the primary term and renewal options provide contractual income growth & inflation hedge
- Established Retail Synergy – Located within a dense retail trade area supported by national and regional retailers, driving recurring consumer traffic
- Publicly Traded Tenant (NASDAQ: DLTR) – An established national retailer operating 16,000+ locations nationwide, offering strong corporate backing
- Prime Wichita Falls Location – Strategically positioned along a primary retail corridor with strong visibility, frontage, and consistent daily traffic
- Stable Economic Driver – Sheppard Air Force Base – Wichita Falls benefits from the long-standing presence of Sheppard AFB, a major regional employer
Executive Summary
Exclusively Listed in association with Brian Brockman | License No. 701472
We are pleased to present an opportunity to acquire a single-tenant, fee-simple Dollar Tree in Wichita Falls, TX, 100% leased on a net-lease basis to a major, international corporate chain (NASDAQ: DLTR) traded as an S&P 500 component. The lease commenced in 2022 and features approximately 7 years of firm lease term remaining, with three 5-year renewal options at significant contractual rent increases – including a 24% increase in 2033 – showcasing tenant longevity and providing built-in income growth and inflation protection.
The property is strategically located at the corner of the signalized intersection of Midwestern Parkway and Old Jacksboro Hwy (State Highway 473) – a major commercial corridor, offering strong visibility and consistent traffic flow with 24,834 vehicles per day.
Wichita Falls is a strategically located North Texas city positioned along U.S. Route 287 and U.S. Route 82, offering direct connectivity to the Dallas–Fort Worth metroplex, Oklahoma City, and surrounding regional trade areas. Situated within an established retail corridor supported by nearby residential neighborhoods, schools, and daily-service businesses, the site benefits from consistent local traffic and steady consumer demand rather than reliance on destination-driven retail. Wichita Falls is anchored by a stable employment base led by Sheppard Air Force Base, healthcare providers, and regional manufacturing, providing durable economic support for national retailers. This investment combines a recognizable national brand, passive net-lease structure, and strong roadway fundamentals, creating a compelling net lease opportunity within a stable and service-oriented North Texas market.
We are pleased to present an opportunity to acquire a single-tenant, fee-simple Dollar Tree in Wichita Falls, TX, 100% leased on a net-lease basis to a major, international corporate chain (NASDAQ: DLTR) traded as an S&P 500 component. The lease commenced in 2022 and features approximately 7 years of firm lease term remaining, with three 5-year renewal options at significant contractual rent increases – including a 24% increase in 2033 – showcasing tenant longevity and providing built-in income growth and inflation protection.
The property is strategically located at the corner of the signalized intersection of Midwestern Parkway and Old Jacksboro Hwy (State Highway 473) – a major commercial corridor, offering strong visibility and consistent traffic flow with 24,834 vehicles per day.
Wichita Falls is a strategically located North Texas city positioned along U.S. Route 287 and U.S. Route 82, offering direct connectivity to the Dallas–Fort Worth metroplex, Oklahoma City, and surrounding regional trade areas. Situated within an established retail corridor supported by nearby residential neighborhoods, schools, and daily-service businesses, the site benefits from consistent local traffic and steady consumer demand rather than reliance on destination-driven retail. Wichita Falls is anchored by a stable employment base led by Sheppard Air Force Base, healthcare providers, and regional manufacturing, providing durable economic support for national retailers. This investment combines a recognizable national brand, passive net-lease structure, and strong roadway fundamentals, creating a compelling net lease opportunity within a stable and service-oriented North Texas market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$122,418
|
$5.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $122,418 |
| Annual Per SF | $5.74 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,340 SF
Building Class
C
Year Built/Renovated
1972/2022
Price
$1,677,000
Price Per SF
$78.58
Cap Rate
7.30%
NOI
$122,418
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
2.35 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 21,340 SF
- $5.74
- Triple Net
- Mar 2033
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 21,340 SF | $5.74 | Triple Net | Mar 2033 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 125681 | Improvements Assessment | $1,289,840 |
| Land Assessment | $321,160 | Total Assessment | $1,611,000 |
Property Taxes
Parcel Number
125681
Land Assessment
$321,160
Improvements Assessment
$1,289,840
Total Assessment
$1,611,000
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Dollar Tree | Single-Tenant Net-Lease | 1508 Midwestern Pky
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