Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 117,642-square-foot, multi-tenant retail center in Midland, Texas. The center is currently 100 percent occupied, with 86 percent of the gross leasable area having credit tenants. Cuthbert Plaza is anchored by Bob Mills Furniture, a long-term tenant in the center for 10 years. Other tenants include Dollar General (tenant for 19+ years), Vintage Stock DBA EntertainMART (tenant for 10-plus years), and Legends Gym. All leases are triple-net. The building was originally constructed in 1967 and sits on a large 6.77-acre lot with ample paved parking. A double-sided monument sign provides additional exposure to the center. The subject property is located on West Cuthbert Avenue, one lot west of the intersection with Andrews Highway. Traffic counts on Cuthbert Avenue are approximately 8,385 vehicles per day and 24,514 vehicles per day on Andrews Highway. Neighboring national and regional retailers include Discount Tire, Rosa’s Café, Harbor Freight Tools, Planet Fitness, O’Reilly Auto Parts, Kool Smiles, Little Caesars, Dollar Tree, McDonald’s, Schlotzsky’s Deli, Albertson's Grocery, Ace Hardware, Family Dollar, 9Round Kickboxing, Whataburger, Wendy’s, and Long John Silvers, among others. The surrounding area has strong demographics, with a five-mile population of 137,140 and an average household income exceeding $112,969.