1901 Rankin Hwy
Midland, TX 79701
Rankin Plaza · Retail Property For Sale

The Property is 100 percent leased to a mix of national and regional credit tenants with long term NNN leases and built-in rent escalations. Due to the in-place rent increases, the new owner has the opportunity to see increased income during ownership. Due to the tenant quality, long term leases, and little to no deferred maintenance, the new owner has the ability to manage the property from anywhere. The Walmart ¼ of a mile south of Rankin Plaza is one of only two Walmart locations in Midland. This Walmart serves all of Midland south and east of downtown. Rankin Plaza sits in the heart of one of the fastest growing areas in America. The Midland-Odessa region was the fastest growing region in the US from 2010-2015, growing a staggering 17 percent to 326,115 people. The Midland Metropolitan Area has also increased 17 percent to 166,718 people since 2010, with a projected population increase of 21 percent over the next 5 years. The population will likely continue to increase due to continued business development and job opportunities as well as a young population (64 percent under the age of 44 years old).