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Investment Opportunity | 7.00% CAP 5400 Frio Dr 5,733 SF Retail Building Midland, TX 79707 $3,767,400 ($657.14/SF) 7% Cap Rate
Investment Highlights
- 100% Occupied Investment Opportunity
- Long-Term National Credit Tenant
- 5,733 SF Retail/Office Building | 0.72 Acres
- 7.00% CAP Rate
- Stabilized Asset with Existing Tenant Income
- Prime Location Near Loop 250 & Briarwood Avenue
Executive Summary
5400 Frio Drive is a 100% occupied investment property consisting of a 5,733 SF retail/office building situated on approximately 0.72 acres in Midland, Texas. The property features quality brick construction, a metal roof, professional landscaping, and ample on-site parking. Well-maintained and strategically positioned, this stabilized asset offers investors the opportunity to acquire a fully leased property within one of Midland's desirable commercial corridors.
12 Treatment Rooms + Flex Room
Sauna with Red Light Therapy
Large Hydrotherapy Soaking Tub
Plumbing & Electrical Connections in Every Treatment Room
Integrated Speakers & White Noise Throughout
Recessed Dimmable Lighting Throughout
Back-of-House Area | Kitchen | (2) Restrooms | (4) Washer & Dryer Hookups
(4) Restrooms Total | (2) Locker Rooms with Showers
Raised Floor Access for Electrical & Building Systems
Sound Insulation | Blown Insulation | Metal Roof
42 On-Site Parking Spaces
Automatic Sprinkler System | Professional Landscaping
10,000+ VPD on Briarwood Avenue
Strong Retail & Residential Trade Area
12 Treatment Rooms + Flex Room
Sauna with Red Light Therapy
Large Hydrotherapy Soaking Tub
Plumbing & Electrical Connections in Every Treatment Room
Integrated Speakers & White Noise Throughout
Recessed Dimmable Lighting Throughout
Back-of-House Area | Kitchen | (2) Restrooms | (4) Washer & Dryer Hookups
(4) Restrooms Total | (2) Locker Rooms with Showers
Raised Floor Access for Electrical & Building Systems
Sound Insulation | Blown Insulation | Metal Roof
42 On-Site Parking Spaces
Automatic Sprinkler System | Professional Landscaping
10,000+ VPD on Briarwood Avenue
Strong Retail & Residential Trade Area
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,733 SF
Year Built
2020
Price
$3,767,400
Price Per SF
$657.14
Cap Rate
7%
NOI
$263,718
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.72 AC
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00056470.017.0020 | Improvements Assessment | $0 |
| Land Assessment | $362,350 | Total Assessment | $362,350 |
Property Taxes
Parcel Number
00056470.017.0020
Land Assessment
$362,350
Improvements Assessment
$0
Total Assessment
$362,350
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