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Restaurant

6,946 SF Vacant Restaurant on 1.5 AC Lot | Walmart with 3.3 Million Annual Visits Adjacent

4306 W Loop 250 N, Midland, TX 79707

Listing Price: $2,790,000

Cap Rate
1.00%
Tenant Name
1
Years Remaining On Lease
8.1
Gross SF
6,946
Guarantor
Corporate Guarantee
Rentable SF
6,946
Price/Gross SF
$401.67
Lease Type
Absolute Net

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 6,946-square-foot vacant restaurant building on a 1.5-acre lot in Midland, Texas.The Midland-Odessa metro has a population of 345,000 and will add roughly 15,000 residents through 2028 growing at a rate that exceeds the national average.

Investment Highlights

  • Access from State Hwy 250 with over 75,779 VPD and Midland Drive with over 31,332 VPD
  • Dense Retail Corridor including Walmart Super Center, Pet Smart, Target, Home Depot, Texas Roadhouse, Chik-fil-A and More
  • Three-Mile and Five-Mile Populations of 60,308 and 114,290 Respectively, with Three-Mile Average Household Income of $148,383
  • Walmart Supercenter Receives 3.3 Million Visits Per Year Ranked Top 88th Percentile Nationwide Per Placer.ai
  • Less than 1 Mile from Midland Park Mall with a Daytime Population over 101,000
  • The Midland-Odessa metro has a population of 345,000 and will add roughly 15,000 residents through 2028 growing at a rate that exceeds the national average.
  • Multiple Ingress & Igress Points including a Left Turn Lane on Midland Drive the Walmart Frontage Road
  • Pet Smart Receives 412.9K Visits Per Year and Ranked Top 96th Percentile Nationwide Per Placer.ai and Dollar Tree receives 328.5K Visits Per Year Ranked Top 82nd Percentile Nationwide Per Placer.ai

Exclusively Listed By

Restaurant

6,946 SF Vacant Restaurant on 1.5 AC Lot | Walmart with 3.3 Million Annual Visits Adjacent

Listing Price: $2,790,000

Cap Rate
1.00%
Tenant Name
1
Years Remaining On Lease
8.1
Gross SF
6,946
Guarantor
Corporate Guarantee
Rentable SF
6,946
Price/Gross SF
$401.67
Lease Type
Absolute Net

Investment Highlights

  • Access from State Hwy 250 with over 75,779 VPD and Midland Drive with over 31,332 VPD
  • Dense Retail Corridor including Walmart Super Center, Pet Smart, Target, Home Depot, Texas Roadhouse, Chik-fil-A and More
  • Three-Mile and Five-Mile Populations of 60,308 and 114,290 Respectively, with Three-Mile Average Household Income of $148,383
  • Walmart Supercenter Receives 3.3 Million Visits Per Year Ranked Top 88th Percentile Nationwide Per Placer.ai
  • Less than 1 Mile from Midland Park Mall with a Daytime Population over 101,000
  • The Midland-Odessa metro has a population of 345,000 and will add roughly 15,000 residents through 2028 growing at a rate that exceeds the national average.
  • Multiple Ingress & Igress Points including a Left Turn Lane on Midland Drive the Walmart Frontage Road
  • Pet Smart Receives 412.9K Visits Per Year and Ranked Top 96th Percentile Nationwide Per Placer.ai and Dollar Tree receives 328.5K Visits Per Year Ranked Top 82nd Percentile Nationwide Per Placer.ai

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 6,946-square-foot vacant restaurant building on a 1.5-acre lot in Midland, Texas.The Midland-Odessa metro has a population of 345,000 and will add roughly 15,000 residents through 2028 growing at a rate that exceeds the national average.

Exclusively Listed By

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