207 Tradewinds Blvd
Midland, TX 79706
Midland Memorial Healthcare System · Office Property For Sale

Stan Johnson Company is pleased to offer for sale to qualified investors a free-standing building 100% leased to Midland Memorial Healthcare System located at 207 Tradewinds Boulevard in Midland, TX. The NNN lease has approximately two (2) years and six (6) months remaining in the first option period and includes one (1), five (5) year renewal option with annual escalations. Income Tax-Free State - With Texas as an income tax-free state, the returns will be amplified. Rehabilitation Facility | Subtenant Invested in Space - The Subject Property includes an outdoor swimming pool, full kitchen and cafeteria, indoor fitness area, and a backup emergency generator. The subtenant RehabCare Group renovated the building at their own expense in 2006. The Subject Property is located just outside of the Westridge Park office complex and the Scharbauer Sports Complex, a new $46 million, 100 acre development. Strong Demographics - Within a 5-mile radius, the population of over 100,000 has an average household income of over $80,000. Transportation Access - The site is 0.5 miles east of the Texas State Loop 250 (VPD +30,000) and 1 mile south of State Highway 158/191 (VPD +28,000), midway between Dallas/Fort Worth and El Paso on I-20. The Midland International Airport is 8.3 miles away.