Shopping Strip
Shops of Greenwood
1805 S Co Rd 1105, Midland, TX 79706
Listing Price: $8,440,000
Cap Rate
10.00%
Gross SF
42,345
Rentable SF
42,345
Price/Gross SF
$199.32
Lot Size
4.33 acres
Year Built
2017
Investment Overview
See Highlights
Shops of Greenwood
Investment Highlights
- 86% Occupied Retail Center | 49% of the GLA has NNN Leases
- Value-Add Newer Construction with Upside on Lease-Up
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants
- Comprised of Five Buildings Situated on 4.33 Acres of Land
- Buildings Feature Metal Roofs and Awnings | Four Suites have Drive-Thru Windows
- Located on FM 307 | Traffic Counts Are Approximately 10,111 Vehicles Per Day
- Extremely Affluent Surrounding Area | Average Household Income within One Mile is $170,505
- Neighboring Tarzan & Jane Travel Center with HTeaO and Valero Completed in 2024 | Close Proximity to New Residential Developments Including Vander Ranch by DR Horton, Silver Leaf Homes and Saddleback Estates
Exclusively Listed By
Financing By
Listing Price: $8,440,000
Cap Rate
10.00%
Gross SF
42,345
Rentable SF
42,345
Price/Gross SF
$199.32
Lot Size
4.33 acres
Year Built
2017
Investment Highlights
- 86% Occupied Retail Center | 49% of the GLA has NNN Leases
- Value-Add Newer Construction with Upside on Lease-Up
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants
- Comprised of Five Buildings Situated on 4.33 Acres of Land
- Buildings Feature Metal Roofs and Awnings | Four Suites have Drive-Thru Windows
- Located on FM 307 | Traffic Counts Are Approximately 10,111 Vehicles Per Day
- Extremely Affluent Surrounding Area | Average Household Income within One Mile is $170,505
- Neighboring Tarzan & Jane Travel Center with HTeaO and Valero Completed in 2024 | Close Proximity to New Residential Developments Including Vander Ranch by DR Horton, Silver Leaf Homes and Saddleback Estates
Investment Overview
See Highlights
Exclusively Listed By
Financing By
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