3320 West Loop 250 North
Midland, TX
Price:
$4,870,000
Cap Rate:
5.75%
NOI:
$280,000
Building Size:
Approx. 3294 Sq. Ft.
Lot Size:
Approx. 0.87 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 3,294+/- SF Building on 0.87+/- Acre Site
- 15 Year Absolute NNN Lease w/ 8% Rental Increases Every 5 Years, Including Option Periods
- Located Along W Loop 250 (52,700+ VPD), a Major Connector for the Midland Area
- Only 1 Mile from Midland College, a Public College w/ Over 5,180 Enrolled Students & 800 Employees
- Across from Midland Park Mall, a 635,788+ SF Shopping Mall w/ Tenants Dillard’s, JCPenny, Dick’s Sporting Goods, & Many More.
- Hawaiian Bros is One of the Fastest Growing and Highest Performing Restaurant Brands w/ Average Unite Volume of $4.6M
- Midland | Part of the 2nd largest Oil & Gas Region in the World | Population: 134,755+