Dollar Tree – Wichita Falls, TX

Investment Overview

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.

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 firm term remaining, providing passive income with limited landlord responsibilities.
• Publicly Traded Tenant (NASDAQ: DLTR) – An established national retailer operating 16,000+ locations nationwide, offering strong corporate backing and broad brand recognition.
• Built-In Rent Growth – Structured rental increases throughout the primary term and renewal options provide contractual income growth and inflation hedge characteristics.
• Prime Wichita Falls Location – Strategically positioned along a primary retail corridor with strong visibility, frontage, and consistent daily traffic counts.
• Established Retail Synergy – Located within a dense retail trade area supported by national and regional retailers, driving recurring consumer traffic.
• Strong National Co-Tenancy – Surrounded by established brands including national quick-service restaurants, service retailers, grocery, and financial institutions, reinforcing the corridor’s long-term viability.
• Excellent Regional Connectivity – Convenient access to U.S. Route 287 and U.S. Route 82 provides direct connectivity to the Dallas–Fort Worth metroplex, Oklahoma City, and surrounding North Texas markets.
• Stable Economic Driver – Sheppard Air Force Base – Wichita Falls benefits from the long-standing presence of Sheppard AFB, a major regional employer providing durable economic stability.
• Diverse Local Employment Base – Supported by military, healthcare, manufacturing, education, and energy sectors, strengthening long-term consumer demand fundamentals.