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Midland Park Xing
Midland, TX 79707
Midland Park Crossing - NNN Investment · Retail Property For Sale
PROPERTY FACTS
ABOUT MIDLAND PARK XING , MIDLAND, TX 79707
We are pleased to offer to qualified investors an opportunity to purchase fee simple (ownership of land and building) a 100% occupied, 6,904 SF three-tenant strip center located directly adjacent to a brand new Chick-fil-A just off Loop 250 in Midland, TX. This brand new 2018 construction, offers investors long term stable income from newly executed 10 year leases for Tropical Smoothie Cafe and Jimmy’s Egg with a brand new 5 year lease from Diva Nail Salon. Additionally, attractive 10% rental increases from Tropical Smoothie and Jimmy’s Egg provide inflationary hedge throughout the life of the underlying leases. Exceptionally well located at the intersection of Loop 250 and Andrews Hwy; this property benefits from nearly 42,000 AADT and has strong supporting demographics of 82,475 residents within a 3-mile radius and an AHHI of $103,231 within a 3-mile radius. This is a rare opportunity to acquire a class A multi-tenant NNN retail building, located on exceptional real estate, directly adjacent to a brand new Chick-fil-A, with little downside risk to potential investors.
PROPERTY TAXES
| Parcel Number | R000206-954 | Improvements Assessment | $1,144,010 |
| Land Assessment | $143,490 | Total Assessment | $1,287,500 |
PROPERTY TAXES
