1910 N Loop 250 W
Midland, TX 79707
Midland Park Crossing · Retail Property For Sale

TREK Investment Group is pleased to offer for sale Midland Park Crossing in Midland, Texas. Situated at the northeast corner of Loop 250 and Highway 191, this 6,963sf shopping center is in a premier location offering optimal visibility with frontage road access. This property sits next to the brand new Chick-Fil-A and is surrounded by national and local retailers including H-E-B, Sam’s Club, Kohls, Cracker Barrel, Mattress Firm, Buffalo Wild Wings, and many more. In addition to being situated amidst a strong retail trade area, the intersection of Loop 250 and Highway 191 in Midland boasts some of the city’s strongest traffic counts, nearing 58,500 AADT vehicles per day. This property offers an investor a long-term net leased asset with new 10-year NNN leases from Jimmy's Egg and Tropical Smoothie, and a new 5 year lease from Sky Nails Lounge, providing rent increases in both the primary leases as well as option periods, and minimal landlord responsibilities. The leases are Absolute NNN with the tenant directly responsible for all operating expenses including property taxes, common area maintenance and property insurance. Midland, Texas is located in West Texas, midway between Dallas/ Ft. Worth and El Paso on Interstate 20. It is 20 minutes from Odessa which together with Midland makes up the nearly quarter million residents of the Midland/Odessa metropolitan area. The city serves as the administrative center for The Permian Basin where about 20 percent of America’s oil and gas reserves are located. Midland supplies more than 60% of all oil and gas produced in Texas. Midland is one of the nation’s fastest booming metro area, ranking at or near the top of the list of every major measure of recent economic and population growth. *Midland MSA 2016 Personal Income is Second Highest in United States November 16, 2017 *Midland Ranked 5th Fastest Growing City in the U.S. by WalletHub October 10, 2017 *Midland ranked #3 in BusinessFacilities.com's Fastest Growing Metros July 20, 2017 *Realtor.com has ranked Midland as the naton's 8th hottest real estate market for May 2017 *Midland is the nation's #1 most recession-recovered city January 11, 2017