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Wienerschitzel 5315 Loop 250 2,040 SF Retail Building Midland, TX 79707 $2,400,000 ($1,176.47/SF) 6.25% Cap Rate



Investment Highlights
- Successful Store Operating with a $200,000 Profit
- Ranked in the Top 25% of the Entire Wienerschnitzel System
- New, 15-Year Sale-Leaseback with Personal Guaranty
Executive Summary
-Successful Store Operating with a $200,000 Profit
-New, 15-Year Sale-Leaseback with a 15-Year Personal Guaranty
-Ranked in the Top 25% of the Entire Wienerschnitzel System
---Prime Retail Location---
-Highly-Trafficked Location Located on Loop 250 with a Traffic Count Over 63,000 CPD
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Lowe’s, Walmart, Home Depot, Carl’s Jr, Verizon, Lucky Strike, Kohl’s, Sherwin-Williams, Cracker Barrel, and Many More
-Texas is an Income Tax-Free State
---Experienced Wienerschnitzel Franchisee---
-Experienced Multi-Unit & Brand Operator with 25+ Years of Experience and More than 25 Units Across Multiple Concepts Throughout California, Texas, Utah, and New Mexico
-Franchisee Intends to Continue Growing Further Wienerschnitzel Locations. Guaranty Will Grow Over Time
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
---Pride of Ownership Midland---
-Affluent Area with the Average Household Income Exceeding $125,000 within 3 Miles
-Proximity to Major Educational Hub - Located just 5 miles from Midland College, a Community College with over 5,180 students and more than 800 Faculty and Staff
-Proximity to Major Aviation & Aerospace Infrastructure - 10 Miles from Midland International Air & Space Port, the First Jointly Located Spaceport and Airport in the World that Currently Serve 43 counties in Texas and New Mexico. Also, 5 Miles from Midland Airpark, a Vital Hub for the Region’s Business and Corporate Aviation Traffic.
-Positioned in a Rapidly Growing Market - Midland is Recognized as One of the Most Economically Dynamic Cities in the United States. The Kenan Institute’s American -Growth Project Recently Ranked Midland as the #1 Fastest-Growing Mid-Sized City in the Nation Based on Potential GDP Growth of 9.4%
Broker of Record: Tim Speck | Dallas, TX | Lic #: 9002994
-New, 15-Year Sale-Leaseback with a 15-Year Personal Guaranty
-Ranked in the Top 25% of the Entire Wienerschnitzel System
---Prime Retail Location---
-Highly-Trafficked Location Located on Loop 250 with a Traffic Count Over 63,000 CPD
-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Lowe’s, Walmart, Home Depot, Carl’s Jr, Verizon, Lucky Strike, Kohl’s, Sherwin-Williams, Cracker Barrel, and Many More
-Texas is an Income Tax-Free State
---Experienced Wienerschnitzel Franchisee---
-Experienced Multi-Unit & Brand Operator with 25+ Years of Experience and More than 25 Units Across Multiple Concepts Throughout California, Texas, Utah, and New Mexico
-Franchisee Intends to Continue Growing Further Wienerschnitzel Locations. Guaranty Will Grow Over Time
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
---Pride of Ownership Midland---
-Affluent Area with the Average Household Income Exceeding $125,000 within 3 Miles
-Proximity to Major Educational Hub - Located just 5 miles from Midland College, a Community College with over 5,180 students and more than 800 Faculty and Staff
-Proximity to Major Aviation & Aerospace Infrastructure - 10 Miles from Midland International Air & Space Port, the First Jointly Located Spaceport and Airport in the World that Currently Serve 43 counties in Texas and New Mexico. Also, 5 Miles from Midland Airpark, a Vital Hub for the Region’s Business and Corporate Aviation Traffic.
-Positioned in a Rapidly Growing Market - Midland is Recognized as One of the Most Economically Dynamic Cities in the United States. The Kenan Institute’s American -Growth Project Recently Ranked Midland as the #1 Fastest-Growing Mid-Sized City in the Nation Based on Potential GDP Growth of 9.4%
Broker of Record: Tim Speck | Dallas, TX | Lic #: 9002994
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,040 SF
Building Class
B
Year Built
2016
Price
$2,400,000
Price Per SF
$1,176.47
Cap Rate
6.25%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000215351 | Improvements Assessment | $524,720 |
| Land Assessment | $184,790 | Total Assessment | $709,510 |
Property Taxes
Parcel Number
R000215351
Land Assessment
$184,790
Improvements Assessment
$524,720
Total Assessment
$709,510
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