2008 Rankin Hwy
Midland, TX
Price:
$3,000,000
Cap Rate:
4.50%
NOI:
$135,000
Building Size:
Approx. 4,600 Sq. Ft.
Lot Size:
Approx. 1.77 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 4,600+/- SF Building on 1.77+/- Acre Site
- Brand New Largest Prototype Whataburger Ground Lease with 10% Rent Bumps Every 5 Years
- Located Off Rankin Hwy (21,000 VPD) the main thoroughfare between I-20 (55,270 VPD) & Downtown Midland.
- Dense Retail Corridor Anchored by a Walmart SuperCenter. Adjacent to Chick-Fil-A, AutoZone, McDonalds, & More
- Outstanding Demographics and a New $1.67B Bond Proposal
- Whataburger is One of the Fastest Growing QSR Chains in the U.S.
- Midland | Accounts for 40% of U.S. Oil Production | Population: 338,085