1000 N Midkiff Rd, Midland, TX 79701
Marcus & Millichap is pleased to offer the opportunity to acquire a 91,930-square foot neighborhood retail center. Town & Country Shopping Center is currently 100 percent occupied with 87 percent of the gross leasable area having credit tenants. The center is comprised of two multi-tenant buildings and two single-tenant buildings. Anchored by Planet Fitness, other tenants include Harbor Freight Tools, Little Caesars Pizza, Cloud City Vape Shop, TOE Driving, Popcorn Premiere, The Zen Spot, Footy Rooty, Kool Smiles, O'Reilly Auto Parts, T&C Barbershop and Loosends. All current leases are triple-net, and rental rates are below market. Additional income for the center is derived from Watermill Kiosk, food trailers and a no fence agreement. The center sits on 9.3 acres and was originally constructed in 1959 with renovations in 1985. Recent property improvements include approximately $500,000 in roof replacement. The parcel includes a pad site for future development, providing potential upside to an investor.
Marcus & Millichap is pleased to offer the opportunity to acquire a 91,930-square foot neighborhood retail center. Town & Country Shopping Center is currently 100 percent occupied with 87 percent of the gross leasable area having credit tenants. The center is comprised of two multi-tenant buildings and two single-tenant buildings. Anchored by Planet Fitness, other tenants include Harbor Freight Tools, Little Caesars Pizza, Cloud City Vape Shop, TOE Driving, Popcorn Premiere, The Zen Spot, Footy Rooty, Kool Smiles, O'Reilly Auto Parts, T&C Barbershop and Loosends. All current leases are triple-net, and rental rates are below market. Additional income for the center is derived from Watermill Kiosk, food trailers and a no fence agreement. The center sits on 9.3 acres and was originally constructed in 1959 with renovations in 1985. Recent property improvements include approximately $500,000 in roof replacement. The parcel includes a pad site for future development, providing potential upside to an investor.
