3314 West Loop 250 North
Midland, TX
Price:
$1,633,500
Cap Rate:
6.00%
NOI:
$98,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.71 Acres
Type:
Single-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
2024
Investment Overview
- 2024 Construction. 510+/- SF Building on 0.71+/- Acre Site
- 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years
- Extremely Affluent area with an Average HH Income of over $177,000 within a 1 and 3 Mile Radius.
- Located Off W. Loop 250, & N Midkiff Road (74K+ Combined VPD); Nearby Tenants Include: Raising Cane’s, McDonald’s, Burger King
- Directly Across the Street from the Midland Park Mall, Which Features Over 635,000 Sqft and 89 Retailers
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Midland | Fastest Growing Mid-Sized City in the U.S. | Population: 338,085+