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5324 Briarwood Ave
Midland, TX 79707
Circle K | Abs NNN Ground Lease · Retail Property For Sale
Investment Highlights
- New 20-Year Lease | Corporate Signature | Options To Extend | Scheduled 8% Rental Increases | 2026 Construction
- Dense Retail Corridor | Major Retail Anchors | Entertainment Destinations
- Signalized, Hard Corner Intersection | Near W Loop 250 (77,600 VPD)
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Proximity To Community Anchors | Midland College (7,300+ Students) | Medical Office Demand
- Direct Residential Consumer Base | Strong Demographics | $150K+ AHHI | Major Employment Drivers
Executive Summary
• Brand new 20-year lease with ten (10) renewal options of up to five years, demonstrating long-term commitment to the site
• 8% rental increases every five years throughout the initial term and option periods support NOI growth and provide a built-in hedge against inflation
• The lease features a corporate signature from Circle K Stores Inc., the corporate entity behind Circle K, an established convenience store and gas station operator with 6,846 locations in the United States as of March 2026
• Brand new 2026 construction featuring high-quality materials, modern design elements, and institutional-quality finishes
• 8% rental increases every five years throughout the initial term and option periods support NOI growth and provide a built-in hedge against inflation
• The lease features a corporate signature from Circle K Stores Inc., the corporate entity behind Circle K, an established convenience store and gas station operator with 6,846 locations in the United States as of March 2026
• Brand new 2026 construction featuring high-quality materials, modern design elements, and institutional-quality finishes
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,362,285 CAD
Price Per SF
$1,454.10 CAD
Cap Rate
5%
NOI
$218,114 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
RR - Regional Retail District
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Monument Signage
Property Taxes
| Parcel Number | 0042050.005.0304 | Improvements Assessment | $0 CAD |
| Land Assessment | $119,963 CAD | Total Assessment | $119,963 CAD |
Property Taxes
Parcel Number
0042050.005.0304
Land Assessment
$119,963 CAD
Improvements Assessment
$0 CAD
Total Assessment
$119,963 CAD
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