Catylist ID: #30622314
Take 5 - Ground Lease
Retail-Commercial for Sale
|Catylist Listing ID:||30622314|
|Property Subtypes:||Street Retail, Vehicle Related|
|Building Status:||Under Construction|
|Building Size (RSF):||1,462 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$964.11 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller, Purchase Money Mortgage, Other|
Overview / Comments
Offering a Take 5 Oil Change Ground lease In a prime retail corridor of Midland, TX. Highway frontage and traffic counts exceeding 20,000 VPD place this Take 5 in a great location. Dozens of national and local retailers and business in the immediate area including, Walmart, Holiday Inn Express, Hampton Inn, Comfort Inn, Quality Inn, Discount Tire, AutoZone, Tractor Supply, Verizon Wireless, Cricket Wireless, McDonald's, Burger King, Popeyes, McAlister's Deli, Starbucks and many more. About 1/4 mile north of I-20 with dense residential to the immediate north, make this arterial road a strong ingress/egress for residents in the area. Additionally, Downtown Midland is only 1.25 miles north on Rankin Highway.
The ground lease features a 10-year absolute NNN term with four 5-year options to extend and ten percent (10%) rental increases in the base term and options.
The Take 5 consists of a 2,000 SF building with 3 bays for service on 0.36 acres.
• CAP RATE: 5.25%
• 1,462 SF
• Highway Frontage
• 20,000 + VDP
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
Beau Tucker CCIMColdwell Banker Commercial Capital Advisors West Texas CIE Member
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