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931 FM 1821
Mineral Wells, TX 76067
Mineral Plaza · Retail Property For Sale
Investment Highlights
- Two Tenant Strip with 10 Year Leases at or Below Market Rent
- Located Along Highway 180 (19K VPD)
- 2.9M Annual Visits to Adjacent Walmart
- Low-Maintenance, Easy-to-Manage Investment Profile
Executive Summary
Mineral Plaza is a fully leased two-tenant strip center positioned next to the region’s only Walmart Supercenter, generating over 2.9M annual visits. Located along Highway 180 (~19,000 VPD) in the primary retail corridor, the property benefits from strong visibility, national co-tenancy, and consistent consumer flow. With service-oriented tenants on new 10-year leases, this is a clean, necessity-based retail play in a growing North Texas market just outside the DFW Metroplex.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,787 SF
Building Class
C
Year Built
2017
Price
$2,899,401 CAD
Price Per SF
$501.02 CAD
Cap Rate
6.33%
NOI
$183,532 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
45 Spaces (7.78 Spaces per 1,000 SF Leased)
Frontage
300’ on FM 1821
Amenities
- 24 Hour Access
- Banking
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 33353 | Improvements Assessment | $816,002 CAD |
| Land Assessment | $338,185 CAD | Total Assessment | $1,154,187 CAD |
Property Taxes
Parcel Number
33353
Land Assessment
$338,185 CAD
Improvements Assessment
$816,002 CAD
Total Assessment
$1,154,187 CAD
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