2106 Rankin Hwy | Midland, TX 79701
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- LoopNet Team
2106 Rankin Hwy
Midland, TX 79701
Gateway Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tractor Supply anchored center
- Adjacent to other quality retail, including Walmart Supercenter and Boot Barn
- Located in a dense retail and residential area; 118,073 people within a 5-mile radius
- 8 years remaining on Tractor Supply lease with built in rental escalations
- 90% + of the center does not roll until 2027
- Long-term, stabilized cash flow. Priced below replacement cost
PROPERTY FACTS
Property Type
Retail
Building Size
7,524 SF
Building Class
C
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.20 AC
Zoning
F1
Parking
182 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
187’ on Rankin Hwy
AMENITIES
- Pylon Sign
- Signage
ABOUT 2106 RANKIN HWY , MIDLAND, TX 79701
Gateway Center (“Property”) is a 50,000 square foot, multi-tenant retail center located in Midland, TX. The property consists of one standalone big box, two in-line buildings, and one restaurant pad site. Occupancy is currently at 95.76% with a tenant mix including Tractor Supply Co., Cici’s Pizza, Little Caesar’s, Verizon Wireless, and Dickey’s BBQ. The Property sits on 5.838 acres of land that offers easy access to main thoroughfares including Rankin Highway and I-20.
PROPERTY TAXES
| Parcel Number | R000009-471 | Improvements Assessment | $1,759,640 |
| Land Assessment | $261,920 | Total Assessment | $2,021,560 |
PROPERTY TAXES
Parcel Number
R000009-471
Land Assessment
$261,920
Improvements Assessment
$1,759,640
Total Assessment
$2,021,560
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