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1901 Rankin Hwy
Midland, TX 79701
Rankin Plaza · Retail Property For Sale
PROPERTY FACTS
ABOUT 1901 RANKIN HWY , MIDLAND, TX 79701
TREK Investment Group is pleased to offer for sale Rankin Plaza, a 100% occupied multi-tenant shopping center in Midland, Texas. The 7- tenant center includes a mix of national and regional credit tenants such as Papa Johns, Melrose, and Cricket(AT&T). All tenants have long term NNN leases with built-in rent escalations. Rankin Plaza is situated on Rankin Hwy, with store fronts facing one of MIdland's busiest thoroughfares that runs from Interstate 20 into downtown Midland with a traffic count of over 30,00+ VPD. This newly built in 2015 center is just 1/4 of a mile from Walmart Supercenter and Interstate 20. Besides Walmart Supercenter, it is surrounded by other national retailers such as McDonalds, Starbucks, IHOP, Discount Tire, Advance Auto Parts and more. Midland, Texas is one of the nation's fastest booming metro areas with 325,000+ population in the Midland/Odessa MSA due to the increased number of oil and gas related jobs, as well as jobs in aerospace, ranching, agriculture, health care and transportation. Midland supplies 20% of America's Oil & Gas and 60% of Texas' Oil & Gas. Midland's unemployment is extremely low at only 2.6% making it one of the lowest in the country.
PROPERTY TAXES
| Parcel Number | R000212-649 | Improvements Assessment | $1,966,572 |
| Land Assessment | $224,030 | Total Assessment | $2,190,602 |
PROPERTY TAXES
