2314 W Loop 250 N | Midland, TX 79705
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- LoopNet Team
2314 W Loop 250 N
Midland, TX 79705
Outback Steakhouse: Midland, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
- Located along both Faulkner Drive and West Loop 250 North (45,200 VPD).
- Surrounded by dense residential with nearly 4,200 households and 1,900+ multifamily units within a mile.
- The offering boasts rare annual rent increases of 1.8%.
- 5.7 MSF of retail, 3.7 MSF of office, and 2.3 MSF of industrial within a 3-mile radius.
- Population of 71,349 and an average household income of $138,810 within a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,192 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.45 AC
Zoning
PDSC
Parking
125 Spaces (20.19 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R000039-379 | Improvements Assessment | $918,890 |
| Land Assessment | $381,110 | Total Assessment | $1,300,000 |
PROPERTY TAXES
Parcel Number
R000039-379
Land Assessment
$381,110
Improvements Assessment
$918,890
Total Assessment
$1,300,000
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