3200 E State Highway 158 | Midland, TX 79706
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- LoopNet Team
3200 E State Highway 158
Midland, TX 79706
Stripes · Retail Property For Sale
Investment Highlights
- Recession and Pandemic Resistant Tenant; C-Stores Have Thrived Throughout the Pandemic and Have Shown Strong Profitability
- Parent Company Investment Grade Credit – Sunoco’s General Partner, Energy Transfer Partners, Carries an Investment Grade Credit Rating of BBB- (S&P)
- The Site Features the Well-Known Laredo Taco Company Tex-Mex Brand, Which Provides a Unique Traffic Driver to the Location
- Available As a Portfolio or Individually
- The Property Has a Scheduled Rent Increase of 7.5% in May 2021
- Texas is an Income Tax-Free State
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,990 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
6.52 AC
Zoning
B - Business
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
1,042’ on Garden City Hwy
Property Taxes
| Parcel Number | R000206-970 | Improvements Assessment | $3,165,110 |
| Land Assessment | $101,350 | Total Assessment | $3,266,460 |
Property Taxes
Parcel Number
R000206-970
Land Assessment
$101,350
Improvements Assessment
$3,165,110
Total Assessment
$3,266,460
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