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4700 W Wall St 5,820 SF Retail Building Midland, TX 79703 $2,442,860 CAD ($419.74 CAD/SF) 6.84% Cap Rate

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INVESTMENT HIGHLIGHTS

  • location
  • long term lease

EXECUTIVE SUMMARY

A CURRENT LEASE IS IN PLACE. $11,000 -$12,000 PER MONTH, NNN, TILL 3-31-2028. OCCUPIED AND APPOINTMENTS ARE REQUIRED. ABSOLUTELY NO WALK-ON TRAFFIC WITHOUT APPT. 5820 TOTAL SQFT. THE TENANT HAS RESERVED IMPROVEMENTS.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,820 SF
Building Class
B
Year Built/Renovated
1950/2018
Price
$2,442,860 CAD
Price Per SF
$419.74 CAD
Cap Rate
6.84%
NOI
$167,092 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.15 AC
Zoning
Commercial - Commercial
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
261’ on West Wall Street

AMENITIES

  • Accent Lighting
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000004-674
Land Assessment
$90,466 CAD
Improvements Assessment
$367,069 CAD
Total Assessment
$457,536 CAD
  • Listing ID: 31957214

  • Date on Market: 2024-05-29

  • Last Updated:

  • Address: 4700 W Wall St, Midland, TX 79703

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