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4700 W Wall St 5,820 SF Retail Building Midland, TX 79703 $1,750,000 ($300.69/SF) 6.84% Cap Rate
INVESTMENT HIGHLIGHTS
- location
- long term lease
EXECUTIVE SUMMARY
A CURRENT LEASE IS IN PLACE. $11,000 -$12,000 PER MONTH, NNN, TILL 3-31-2028. OCCUPIED AND APPOINTMENTS ARE REQUIRED. ABSOLUTELY NO WALK-ON TRAFFIC WITHOUT APPT. 5820 TOTAL SQFT. THE TENANT HAS RESERVED IMPROVEMENTS.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
5,820 SF
Building Class
B
Year Built/Renovated
1950/2018
Price
$1,750,000
Price Per SF
$300.69
Cap Rate
6.84%
NOI
$119,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.15 AC
Zoning
Commercial - Commercial
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Accent Lighting
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R000004-674 | Improvements Assessment | $261,710 |
| Land Assessment | $64,500 | Total Assessment | $326,210 |
PROPERTY TAXES
Parcel Number
R000004-674
Land Assessment
$64,500
Improvements Assessment
$261,710
Total Assessment
$326,210
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4700 W Wall St
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