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Shopping Strip

Briarwood Plaza

4416 Briarwood Ave, Midland, TX 79707

Listing Price: $6,800,000

Cap Rate
7.32%
Gross SF
22,090
Rentable SF
22,090
Price/Gross SF
$307.83
Lot Size
2.42 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Briarwood Plaza, located at 4416 Briarwood Avenue in Midland, Texas. Briarwood Plaza is a 22,090 square feet shopping center built in 2006 and situated on a 2.42-acre plot of land. The center features a mix of complimentary service-based tenants, and the property is shadow-anchored by a highly trafficked Walmart Supercenter. Briarwood Plaza is 100 percent occupied and provides an investor with a year one CAP rate of 7.13 percent. Some of the tenants feature built-in rent increases, as well as renewal options at increased rent. This provides investors with a stabilized cash flow that increases to assist with increased inflation. The property is shadow-anchored by Walmart, and numerous other national and regional retailers are in the neighboring area, including Wendy’s, Dollar Tree, Chick-fil-A, Panda Express, Stripes, Starbucks Coffee, Texas Roadhouse, PetSmart, and more. The Walmart Supercenter adjacent to Briarwood Plaza averages 2.5M visits per year, the highest ranked Walmart Supercenter in the Midland/Odessa MSA, and ranks 65 out of 407 Walmart Supercenters in Texas (Source: Placer.ai).

Investment Highlights

  • • 22,090-Square-Foot, Multi-Tenant Retail Center | All Leases are Triple-Net | 100% Occupied
  • • Briarwood Avenue: 12,877 Vehicles Per Day | Midland Drive: 21,813 Vehicles Per Day
  • • 7.13% Year One CAP Rate
  • • Shadow Anchored By A Walmart Supercenter with 2.5M Annual Visits (Source: Placer.ai)

Exclusively Listed By

Financing By

Shopping Strip

Briarwood Plaza

Listing Price: $6,800,000

Cap Rate
7.32%
Gross SF
22,090
Rentable SF
22,090
Price/Gross SF
$307.83
Lot Size
2.42 acres
Year Built
2006

Investment Highlights

  • • 22,090-Square-Foot, Multi-Tenant Retail Center | All Leases are Triple-Net | 100% Occupied
  • • Briarwood Avenue: 12,877 Vehicles Per Day | Midland Drive: 21,813 Vehicles Per Day
  • • 7.13% Year One CAP Rate
  • • Shadow Anchored By A Walmart Supercenter with 2.5M Annual Visits (Source: Placer.ai)

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Briarwood Plaza, located at 4416 Briarwood Avenue in Midland, Texas. Briarwood Plaza is a 22,090 square feet shopping center built in 2006 and situated on a 2.42-acre plot of land. The center features a mix of complimentary service-based tenants, and the property is shadow-anchored by a highly trafficked Walmart Supercenter. Briarwood Plaza is 100 percent occupied and provides an investor with a year one CAP rate of 7.13 percent. Some of the tenants feature built-in rent increases, as well as renewal options at increased rent. This provides investors with a stabilized cash flow that increases to assist with increased inflation. The property is shadow-anchored by Walmart, and numerous other national and regional retailers are in the neighboring area, including Wendy’s, Dollar Tree, Chick-fil-A, Panda Express, Stripes, Starbucks Coffee, Texas Roadhouse, PetSmart, and more. The Walmart Supercenter adjacent to Briarwood Plaza averages 2.5M visits per year, the highest ranked Walmart Supercenter in the Midland/Odessa MSA, and ranks 65 out of 407 Walmart Supercenters in Texas (Source: Placer.ai).

Exclusively Listed By

Financing By

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