Log In/Sign Up
Your email has been sent.
427 Andrews Hwy 1,963 SF Retail Building Midland, TX 79701 $1,311,035 CAD ($667.87 CAD/SF) 8% Cap Rate
Investment Highlights
- Franchisee Guaranteed Lease | Options To Extend | Annual Rental Increases
- Planet Fitness Anchored Center | Midland Memorial Hospital |Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• ADT Pizza, LLC (200+ units) guaranteed lease
• 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1.25% annual rental increases throughout the term and each option period
• Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details
• 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1.25% annual rental increases throughout the term and each option period
• Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,963 SF
Building Class
C
Year Built
1964
Price
$1,311,035 CAD
Price Per SF
$667.87 CAD
Cap Rate
8%
NOI
$104,883 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Zoning
RR - Regional Retail District
Parking
20 Spaces (10.19 Spaces per 1,000 SF Leased)
Frontage
48’ on Andrews Hwy
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000020-481 | Improvements Assessment | $288,919 CAD |
| Land Assessment | $89,822 CAD | Total Assessment | $378,740 CAD |
Property Taxes
Parcel Number
R000020-481
Land Assessment
$89,822 CAD
Improvements Assessment
$288,919 CAD
Total Assessment
$378,740 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
427 Andrews Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.